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1 Korona

Uitgever Hungarian Royal Ministry of Finance
Jaar 1920
Type Standard circulation banknote
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Opschrift voorzijde 1 KORONA
Beschrijving keerzijde Circular reverse in green guilloche, with the Hungarian crowned arms — a quartered shield bearing the Árpád stripes and the apostolic double cross on a mount — placed at centre within successive rings of intricate lacework. Numerals appear at intervals around the outer guilloche border.
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Opmerkingen

Hungary's post-WWI situation meant the new republic — and then the kingdom under Horthy — inherited a currency system in freefall. This 1 Korona was issued by the Hungarian Royal Ministry of Finance rather than a central bank, a direct consequence of the disruption to Austro-Hungarian financial institutions following the dissolution of the empire. The Ministry issued small-denomination notes as an emergency stopgap while the banking apparatus was reorganized.

The korona itself was already losing value rapidly by 1920, and within a few years the entire denomination structure would be swept away by hyperinflation, replaced eventually by the pengő in 1927.