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10 000 Forint
| Issuer | Magyar Nemzeti Bank (Hungarian National Bank) |
|---|---|
| Year | 1997-1999 |
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| Composition | Log in to see details |
| Size | 154 × 70 mm |
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| Obverse description | Intaglio portrait of Szent István Király (King Saint Stephen I) in three-quarter view occupies the right portion of the note, rendered in violet-brown tones against a pale guilloche underprint. The upper right corner carries the inscription SZENT ISTVAN KIRALY, while the centre bears the denomination 10000 and the bank title MAGYAR NEMZETI BANK above three facsimile signatures with role designations ALELNOK, ELNOK, and ALELNOK. The lower centre shows the coat of arms of Hungary and the city and year of issue BUDAPEST 1997, with engraver's credit VAGYOCZKY K. DEL. ET SC. at the lower right margin. |
|---|---|
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| Protection description | King Saint Stephen I portrait visible when held to light; embedded security thread running vertically through the note. |
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| Comments |
When Hungary introduced its redesigned high-denomination series in the mid-1990s, the 10 000 Forint was the top value — a meaningful signal given that hyperinflation had famously rendered the pengő worthless in 1946, forcing the forint's creation at a conversion rate so extreme it remains the largest currency redenomination in recorded history. The note's survival into the euro-anticipation years of the late 1990s reflects how stubbornly Hungary retained its monetary independence while neighboring states accelerated integration.
Magyar Pénzjegynyomda has printed Hungarian currency continuously since 1923, and both design and engraving credit here staying almost entirely in-house — with Lengyel handling intaglio work on the reverse — is consistent with the firm's practice of maintaining domestic craft skills through the post-communist transition period.