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1 000 000 Adópengő Tax note
| Issuer | Magyar Postatakarékpénztár (Royal Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
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| Composition | Paper |
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| Reverse description | The reverse is divided into two distinct panels printed by letterpress. The right panel presents a numbered list of redemption conditions under the heading TUDNIVALÓK (Notices), detailing applicable legal decrees and the role of Magyar Postatakarékpénztár branches and post offices in payment. The left panel contains ruled manuscript fields for the date of notice (Felmondás kelte) and date of payment (Kifizetés kelte), a circular postal savings bank cancellation stamp dated 1946, a handwritten entry recording the equivalent adópengő value payable on the day of redemption, and a manuscript signature above the printed word aláírás. |
| Reverse lettering | TUDNIVALÓK Felmondás kelte: Kifizetés kelte: Az adópengő névértékének a kifizetés napján megfelelő összeget átvettem. aláírás. Magyar Postatakarékpénztár |
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| Comments |
The adópengő was a fiscal accounting unit introduced in January 1946 specifically to index tax obligations and public-sector transactions against inflation — itself a measure of how completely the regular pengő had collapsed. By mid-1946, Hungarian inflation was running at rates that remain unmatched in recorded monetary history, with prices doubling roughly every fifteen hours at the peak. The adópengő was recalculated daily against the pengő using a published index, meaning a 1,000,000 adópengő note's real value changed every single day it sat unspent.
Issued by the Postal Savings Bank rather than the National Bank, placing it outside the main currency system entirely. The forint reform of 1 August 1946 extinguished both the pengő and the adópengő simultaneously.