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100 000 Pengő blue

Issuer Magyar Nemzeti Bank
Year 1945
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Currency Pengo (1927-1946)
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Obverse lettering SZÁZEZER PENGŐ
BUDAPEST, 1945 ÉVI OKTÓBER HÓ 23.-ÁN
MAGYAR NEMZETI BANK
100000
FŐTANÁCSOS
VEZÉRIGAZGATÓ
A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI
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Reverse lettering 100000
СТО ТЫСЯЧ ПЕНГЕ EINHUNDERT TAUSEND PENGEI STOTING PENGŐ STO HILJADA PENGOVA
СТОХИЉАДА ЛEНГОВА HUNDERTTAUSEND PENGŐ
SZÁZEZER PENGŐ
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Comments

Hungary's postwar hyperinflation was among the most severe ever recorded, and the 100,000 Pengő was already an unremarkable denomination by the time it circulated in 1945 — within months, notes would be issued in the quadrillions. This particular note belongs to the earlier phase of the collapse, before the Magyar Nemzeti Bank abandoned any pretense of controlled issuance.

Pick 120 is the blue-tinted variant, distinguished from the red-brown P#119 of nominally identical face value. The two were printed concurrently rather than sequentially, a practical response to paper and ink supply constraints under wartime and occupation conditions.

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