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10 000 000 B.-Pengő

Issuer Magyar Nemzeti Bank
Year 1946
Type Standard circulation banknote
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Reverse description Central vignette of a dove in flight, wings fully extended, carrying an olive branch in its beak — a peace symbol rendered in fine intaglio engraving against a dark guilloche background. Large letter B appears to the left and right of the central motif, flanked by ornamental folk-art patterned panels in the side margins. The denomination 10,000,000 is inscribed in a solid panel at the base, with the date 1945 appearing below the dove.
Reverse lettering TÍZMILLIÓ B.-PENGŐ
10,000,000
1945
(Translation: Ten million billion Pengoes)
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Comments

The B.-Pengő — Billió-Pengő, meaning trillion Pengő — was not a denomination that anyone planned for. It emerged from the most severe hyperinflation ever recorded, which peaked in Hungary between 1945 and 1946. At its worst, prices were doubling roughly every fifteen hours. The 10,000,000 B.-Pengő note represented ten million trillion Pengő — a number so large the government simply stopped printing all the zeros on the face value and abbreviated the unit instead.

Even this note was obsolete almost immediately after printing. The forint reform of 1 August 1946 replaced the entire Pengő series at a conversion rate of 400,000 quadrillion Pengő to one forint.

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