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| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Adopengo (1946) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ADÓJEGY TÍZEZER ADÓPENGŐRŐL KÖZADÓK, KÖZÜZEMI DÍJAK ÉS EGYÉB SZOL- GÁLTATÁSOK ELLENÉRTÉKÉNEK LEROVÁSÁRA 1946 ÉVI JÚLIUS HÓ 31. NAPJÁIG HASZNÁLHATÓ (Translation: Tax voucher for 10000 tax pengő To be used until 31st of July, 1946, for payment of debts of communal taxes, utility fees and other services.) BUDAPEST, 1946. ÉVI MÁJUS HÓ 28.-ÁN PÉNZÜGYMINISZTER AZ ADÓJEGY HAMISÍTÁSÁÉRT A TÖRVÉNYSZABTA BÜNTETÉS JÁR |
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| Reverse lettering | Ezt az adójegyet azoknak az adópengőben kive- tett közadóknak, közüzemi díjaknak és szol- gáltatások ellenértékének lerovására lehet fel- használni, amelyeknél a pénzügyminiszter az 5.970/1946. M. E. számú rendeletben kapott fel- hatalmazás útján engedélyezi. A túloldalon jel- zett felhasználási határidő lejártával ez az adó- jegy érvényét veszti; Az érvényességi határidőig fel nem használt adójegy alapján az államkincs- tárral szemben követelést támasztani nem lehet. (Translation: This tax note may be used to pay public taxes, utility charges and other services levied, which the Minister of Finance authorized by Prime Ministerial Decree No. 5.970/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid; After the deadline date no claim can be made against the state treasury on the basis of an unused tax note.) |
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| Comments |
The adópengő was not a currency in any conventional sense — it was an indexed unit introduced in January 1946 specifically to protect tax receipts and postal revenues from the catastrophic inflation that was destroying the pengő in real time. By the time this 10,000 adópengő note circulated, the conversion rate between the adópengő and the ordinary pengő was being adjusted daily, then multiple times daily, then by factors that made calculation essentially meaningless.
Hungary's hyperinflation of 1945–46 remains the most severe ever recorded. The adópengő series was a fiscal stopgap, not a solution — the whole apparatus was swept away on 1 August 1946 when the forint was introduced at a conversion rate so extreme it has never been replicated.