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1 000 000 000 Adópengő

Uitgever Hungarian Royal Ministry of Finance
Jaar 1946
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Ontwerper(s) Endre Horváth
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Beschrijving voorzijde Log in om details te zien
Opschrift voorzijde ADÓJEGY EGYMILLIÁRD ADÓPENGŐRŐL Kizárólag közadók lerovására 1946. Julius hó 31. napjáig használható
(Translation: Tax voucher for one milliard tax pengő To be used until 31st of July, 1946, for payment of debts of communal taxes.)
Beschrijving keerzijde Log in om details te zien
Opschrift keerzijde Ezt az adójegyet kizárólag azoknak az adő- pengóben kivetett közadóknak a lerovására lehet felhasználni, amelyeknél azt a pénz- ügyminiszter 5.600/1946. M.E. számú rendelet- ben kapott felhatalmazás alapján engedélyezi. A túloldalon jelzett felhasználási határidő lejártával ez az adójegy érvényét veszti s az érvényességi határidőig adólerovásra fel nem használt adójegy alapján az államkincstárral szemben követelést támasztani nem lehet.
(Translation: This tax note may be used to pay public taxes levied in the tax pengo which the Minister of Finance authorized by Prime Ministerial Decree No. 5.600/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid and no claim can be made against the state treasury on the basis of a tax note not used for tax payment before the expiry date.)
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Opmerkingen

The adópengő was not a currency in any conventional sense — it was an indexed unit introduced in January 1946 specifically to allow tax collection and postal rates to keep pace with Hungary's hyperinflation, which by mid-1946 was doubling prices roughly every fifteen hours. The pengő itself had become worthless far faster than the government could print replacements; the adópengő was revalued daily against it by official radio broadcast.

This billion-adópengő note was issued in May 1946. Within weeks, notes of one hundred quintillion adópengő were in circulation. The forint stabilization of 1 August 1946 remains the most successful cold-stop currency reform on record — the entire adópengő series was withdrawn and rendered void almost immediately after issue.

MISSCHIEN OOK INTERESSANT