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100 000 000 Pengő
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Printed entirely in dark brown, the reverse centres on a large intaglio vignette of the Hungarian Parliament building in Budapest as seen from the Danube, rendered with fine architectural detail. Decorative folk-art motifs in raised relief flank the central vignette on both sides, while the denomination inscription SZÁZMILLIÓ PENGŐ is repeated in letterpress along both the upper and lower borders. Abbreviated denomination panels reading SZÁZ MILLIÓ appear in cartouches at each of the four corners. |
| Reverse lettering | SZÁZMILLIÓ PENGŐ ✦ SZÁZMILLIÓ PENGŐ SZÁZ MILLIÓ SZÁZMILLIÓ PENGŐ ✦ SZÁZMILLIÓ PENGŐ (Translation: 100 Million Pengoes / 100 Million / 100 Million Pengoes) |
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| Comments |
The 100,000,000 pengő was issued in the final weeks before Hungary's 1946 currency reform — the one that replaced the pengő with the forint at a rate so extreme it has no parallel in monetary history. By July 1946, the daily inflation rate had reached roughly 207 percent, doubling prices every fifteen hours. This note, astronomical as its face value appears, was worth almost nothing by the time it circulated.
The Magyar Nemzeti Bank printed these domestically in Budapest rather than seeking foreign production — a point worth noting given the near-total collapse of institutional capacity at the time. A functioning press was one of the few things still working.