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1 Korona Világítási és Vízmű Rt., Budapest

Issuer Világítási és Vízmű Részvénytársaság, Budapest
Year 1920
Type Local banknote
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Obverse description The obverse is printed in multicolour on buff paper within a rectangular border. A central oval vignette set against a yellow ground shows a water tower in dark purple-brown, flanked symmetrically by two yellow roundels each bearing the red numeral '1' over the inscription 'KORONA'. Ornamental scrollwork in green frames the central vignette, while the issuer's name 'VILÁGÍTÁSI ÉS VIZMŰ R.T.' runs along the top in bold black letterpress and 'BUDAPEST' is spaced across the bottom margin, punctuated by orange diamond ornaments.
Obverse lettering VILÁGÍTÁSI ÉS VÍZMŰ R.T. UTALVÁNY egy, azaz 1 koronáról, melynek ellenértékét főpénztárunk szolgáltatja ki 1920. év deczember hó 1.-ig BUDAPEST
(Translation: Lighting and Water Utilities Inc. Payment Order about 1 korona, which will be payed in our main cash register till the 1st of December, 1920 BUDAPEST)
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Világítási és Vízmű Részvénytársaság — the Lighting and Waterworks Joint Stock Company — was a Budapest municipal utility, and its decision to issue paper money in 1920 speaks directly to the catastrophic small-change shortage that gripped Hungary in the immediate postwar years. The collapse of the Austro-Hungarian monetary system left the country without a functioning coin supply, and private firms, municipalities, and cooperatives filled the gap with their own emergency scrip, collectively known as szükségpénz.

This particular piece is catalogued under the Adamo MSZK series, the standard Hungarian reference for such local emergency issues. A utility company issuing currency is unusual even within this chaotic period.

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