1 000 000 000 Pengő

正面描述	登录以查看详情
正面铭文	EGYMILLIÁRD PENGŐ BUDAPEST, 1946. ÉVI MÁRCIUS HÓ 18-ÁN MAGYAR NEMZETI BANK FŐTANÁCSOS ELNÖK VEZÉRIGAZGATÓ A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI (Translation: ONE THOUSAND MILLION PENGŐ / Budapest, 18 March 1946 / Hungarian National Bank / Chief Counsellor – President – Director General / The law punishes banknote forgery)
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背面铭文	EGY MILLIÁRD PENGŐ (Translation: One thousand million Pengő)
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备注	Hungary's 1946 hyperinflation remains the most severe ever recorded. By late July 1946, the daily inflation rate exceeded 200 percent, and the pengő's total collapse required denominations that strained basic comprehension — the milliárd pengő (one billion) was not the ceiling but a midpoint in a cascade that eventually produced the 100 quintillion pengő note. The entire pengő series was withdrawn on 1 August 1946 and replaced by the forint at a rate so extreme the conversion figure itself became historically famous: 400,000 quadrillion pengő to one forint. Endre Horváth both designed and engraved the note — unusually, a single hand responsible for the full execution — working under conditions where the practical lifespan of any new denomination was measured in days.

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