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10 000 Adópengő Tax note
| Issuer | Magyar Királyi Postatakarékpénztár (Royal Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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|---|---|
| Obverse lettering | NEM KAMATOZÓ PÉNZTÁRJEGY TÍZEZER ADÓPENGŐRŐL (Translation: Interestless cash ticket for ten thousand tax Pengő) |
| Reverse description | The reverse is arranged as a formal conditions panel in two columns executed in letterpress. The left column provides ruled lines for recording the notice date (Felmondás kelte), the payment date (Kifizetés kelte), and a receipt acknowledgement line for the adópengő equivalent value paid on the day of disbursement, with a signature line (aláírás) at the foot. The right column presents four numbered clauses of redemption terms under the heading TUDNIVALÓK, with the issuer name Magyar Postatakarékpénztár set in bold letterpress at the lower right. |
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The adópengő was introduced in January 1946 as an index-linked unit tied to a government price index, a desperate attempt to give Hungarians a store of value while the regular pengő disintegrated around it. It didn't work for long. By late July 1946, both currencies were abolished and replaced by the forint at a conversion rate so extreme it remains the largest denomination redenomination in recorded monetary history — the total pengő and adópengő supply was exchanged at roughly 400 octillion pengő to one forint.
The 10,000 adópengő, staggering as it sounds, was already a mid-range denomination by the time Hungary's hyperinflation peaked.