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100 000 Adópengő Tax note
| Issuer | Magyar Postatakarékpénztár (Hungarian Postal Savings Bank) |
|---|---|
| Year | 1946 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse is divided into two sections: the left portion contains printed fields for redemption and payment dates ("Felmondás kelte" and "Kifizetés kelte"), a receipt line for the sum received expressed in adópengő face value, and a signature line ("aláírás"), along with a rectangular datestamp reading "POSTATAKARÉKPÉNZTÁR" dated 19 JUL 1946. The right portion is headed "TUDNIVALÓK" (Terms and Conditions) and contains four numbered clauses in Hungarian setting out the rules for encashment, applicable regulations, authorized paying offices, and penalties for misuse, concluding with the issuer name "Magyar Postatakarékpénztár". |
| Reverse lettering | TUDNIVALÓK Felmondás kelte: Kifizetés kelte: Az adópengő névértékének a kifizetés napján megfelelő összege átvetemm. aláírás. Magyar Postatakarékpénztár |
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| Comments |
The adópengő was a parallel accounting unit introduced by the Hungarian government in January 1946 specifically to index tax payments and public accounts against the catastrophic hyperinflation consuming the regular pengő. It was never intended as a circulating currency in the conventional sense — more a fiscal stabilizer, a way to denominate government obligations in something that could be adjusted daily against a published index. By mid-1946, the index multiplier had grown so extreme that nominal values on these notes were essentially meaningless within days of issue.
Hungary's hyperinflation of 1945–46 remains the most severe ever recorded, with the daily inflation rate peaking above 200% in July 1946. The 100,000 adópengő denomination, enormous by any prewar standard, was already inadequate before the series was withdrawn.