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10 000 Adópengő Tax note
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
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| Value | Log in to see details |
| Currency | Adopengo (1946) |
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| Obverse description | The obverse bears an octagonal or rectangular official rubber stamp inscribed 'M. POSTATAKARÉKPÉNZTÁR' (Hungarian Postal Savings Bank), with the designation 'KIR' (Royal) in the stamp scratched away, reflecting the post-monarchic political transition. The face of the note carries the principal inscription identifying it as a non-interest-bearing cash voucher for ten thousand tax Pengő. |
|---|---|
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| Reverse lettering | TUDNIVALÓK Felmondás kelte: Kifizetés kelte: Az adópengő névértékének a kifizetés napján megfelelő összeget átvettem. aláírás. Magyar Postatakarékpénztár |
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| Comments |
The adópengő was not a replacement currency but an accounting unit introduced in January 1946 to run parallel with the collapsing pengő, its value indexed daily against a government commodity basket while the pengő itself hyperinflated into worthlessness. By the time this 10,000 adópengő note was issued, the ratio between the two had become grotesque — a single adópengő was worth billions of ordinary pengő within weeks of introduction.
Hungary's hyperinflation of 1945–46 remains the most severe ever recorded, peaking at a daily inflation rate above 200%. The Magyar Postatakarékpénztár issued these tax notes as a parallel instrument precisely because the state needed a vehicle for collecting real tax revenue without it evaporating before it reached the treasury.
The forint replaced both currencies on 1 August 1946, at which point all adópengő instruments were withdrawn.