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| 背面描述 | Central landscape vignette rendered in fine intaglio engraving after Géza Mészöly's painting 'At the Shores of Lake Balaton', showing a pastoral lakeside scene with large willow trees, figures, and boats along the water's edge under a cloudy sky. The Hungarian coat of arms within a laurel wreath occupies the left panel, while ornate foliate scroll borders in dark blue and olive tones frame the composition on all sides. Denomination numerals '1 MILLIÓ' appear in the upper corners, with multilingual value inscriptions running along the top and bottom margins. |
| 背面铭文 | ОДИН МИЛЛИОН ПЕНГЕ · UN MILION PENGHEI ·ЈЕДАН МИЛИЈУН ПЕНГОВА JEDEN MILLION PENGŐ · JEDAN MILLION PENGOVA · EINE MILLION PENGŐ (Translation: One Million Pengő [in Russian, Romanian, Serbian/Croatian, Slovak, Croatian, German]) |
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Hungary's 1945 hyperinflation was among the most severe ever recorded — by July 1946, the daily inflation rate exceeded 200%. This one-million pengő note, extraordinary at issue, was rendered effectively worthless within months as denominations climbed toward the egopengő and beyond. The National Bank issued increasingly large denominations in rapid succession simply to keep pace with price movements that outran printing schedules.
Géza Mészöly's involvement places this among the domestically designed wartime and postwar issues, printed in Budapest under difficult conditions — the city had only emerged from a devastating siege in February 1945.