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10 000 000 000 Pengő Unissued Remainder
| Issuer | Magyar Nemzeti Bank (National Bank of Hungary) |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | 10 000 000 000 Pengos (10 000 000 000 Pengő) (10 000 000 000) |
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|---|---|
| Obverse lettering | TÍZMILLIÁRD PENGŐ TÍZMILLIÁRD PENGŐ BUDAPEST, 1946.ÉVI JÚNIUS HÓ 10.-ÉN MAGYAR NEMZETI BANK ELNÖK FŐTANÁCSOS VEZÉRIGAZGATÓ TÍZMILLIÁRD PENGŐ (Translation: TEN MILLIARD PENGŐ TEN MILLIARD PENGŐ BUDAPEST, JUNE 10, 1946 NATIONAL BANK OF HUNGARY PRESIDENT CHIEF ADVISER CEO TEN MILLIARD PENGŐ) |
| Reverse description | Central coat of arms of the Hungarian Second Republic set within an elaborate intaglio cartouche of scrollwork and floral ornaments, printed in green. Two red guilloche rosettes bearing the numeral "10" and the circular legend "MAGYAR NEMZETI BANK" flank the arms at left and right, with remainder serial numbers "A 000" and "000000" below them. |
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| Comments |
Hungary's 1946 hyperinflation remains the most severe ever recorded — the daily inflation rate peaked at 207% in July of that year, rendering denominations obsolete within hours of printing. The 10 billion pengő note was produced but never formally issued; by the time the sheets came off the Magyar Pénzjegynyomda presses, the denomination had already been lapped by reality.
Remainder examples exist without serial numbers or official signatures, pulled before completion of the issuing process. The pengő was replaced by the forint on 1 August 1946 at a rate of 400,000 quadrillion pengő to one forint.