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10 000 000 Adópengő Tax note, 2nd edition
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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| Obverse description | Printed in green on pale paper using letterpress, the note is dominated by the bold central inscription NEM KAMATOZÓ PÉNZTÁRJEGY TÍZMILLIÓ ADÓ-PENGŐRŐL across the upper and central fields, flanked by simple ornamental borders; the series letter 'D' and serial number appear at the top. The lower portion carries printed signature lines for the Számvigazgató and Vezérigazgató alongside a space for the owner's countersignature, a highlighted band reading MÁSRA ÁT NEM RUHÁZHATÓ, and a circular Magyar Postatakarékpénztár seal at lower right, with provision for a Budapest post office cancellation stamp at lower left. |
|---|---|
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| Reverse description | The reverse is divided into two panels: the left panel bears blank ruled lines headed Felmondás kelte (Date of notice) and Kifizetés kelte (Date of payment), with a declaration line at the foot acknowledging receipt of the sum equivalent to the tax pengő face value on the day of payment, followed by a signature line. The right panel, headed TUDNIVALÓK (Conditions), presents four numbered paragraphs in small letterpress text detailing redemption terms, identification requirements, and applicable tax pengő regulations, concluding with the issuer name Magyar Postatakarékpénztár. |
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| Comments |
The adópengő was an indexed unit introduced in January 1946 specifically to give tax payments and postal transactions a stable reference while the regular pengő disintegrated around it. By the time this second-edition 10,000,000 adópengő note entered circulation in mid-1946, the conversion rate between the adópengő and the ordinary pengő was being adjusted daily — and then more frequently than that. On some days the ratio doubled before noon.
The Magyar Postatakarékpénztár issued these through post office counters rather than through commercial banking channels, which gave the series a distinct distribution profile from National Bank issues of the same period. Hungary's hyperinflation of 1945–46 remains the most severe ever documented; the adópengő system was a partial triage measure, not a cure.
The forint replaced both currencies on 1 August 1946.