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100 000 Pengő blue

Issuer Magyar Nemzeti Bank
Year 1945
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Shape Rectangular
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Reverse description The Hungarian coat of arms with the Holy Crown of Saint Stephen at centre, flanked on each side by a red owl vignette. A multilingual denomination legend in six languages runs across the upper portion of the note. The value numeral 100000 appears at top and the inscription SZÁZEZER PENGŐ at the base, all printed in blue and red against a light green guilloche underprint.
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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