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100 000 Adópengő Tax note, 2nd edition
| 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 | Plain red-on-white design with a light guilloche underprint border. The central text in large bold lettering reads SZÁZEZER ADÓ-PENGŐRŐL (one hundred thousand tax pengő), above which the legend NEM KAMATOZÓ PÉNZTÁRJEGY (non-interest-bearing cash note) appears. Series letter and serial number are printed in the upper corners; two manuscript facsimile signatures of the Számv. Igazgató and Vezérigazgató appear below the denomination, accompanied by a circular round stamp from a local post office at lower left and the oval Magyar Postatakarékpénztár seal at lower right. |
|---|---|
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| Reverse description | The reverse is divided into two sections. The left panel contains fields for Felmondás kelte (date of notice) and Kifizetés kelte (date of payment), a round post office cancellation stamp, and a receipt section for the owner's signature acknowledging payment of the adópengő face value. The right panel carries the heading TUDNIVALÓK (Terms and Conditions) followed by four numbered clauses in Hungarian detailing redemption rules, applicable government decrees, the role of postal savings branches in encashment, and penalties for forgery, all printed in small letterpress text and concluded with the issuer name Magyar Postatakarékpénztár. |
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| Comments |
The adópengő was introduced in January 1946 as an indexed unit tied to a price index, specifically designed to give the Hungarian state a way to collect taxes and conduct official transactions without the fiction that the collapsing pengő held any stable value. By the time this second-edition 100,000 adópengő note was issued, the underlying pengő had already entered the most severe hyperinflation ever recorded — the July 1946 peak required denominations reaching 100 quintillion pengő.
The Magyar Postatakarékpénztár, rather than the National Bank, issued these tax notes — a bureaucratic distinction that mattered legally even as the monetary system disintegrated around it. The second edition exists because demand outpaced the first printing within weeks.