Catalog
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| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1945 |
| Type | Standard circulation banknote |
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| Obverse description | Brown and light blue-green note with an elaborate folk-art inspired border of interlaced geometric and floral motifs. To the left of centre, the denomination "SZÁZEZER PENGŐ" is set in bold letterpress within a guilloche underprint field, below which the date "BUDAPEST, 1945. ÉVI OKTÓBER HÓ 23-ÁN" and the issuer name "MAGYAR NEMZETI BANK" appear; three facsimile signatures with their respective titles (FŐTANÁCSOS, ELNÖK, VEZÉRIGAZGATÓ) are printed beneath. At right, an intaglio vignette portrays a young woman in traditional Hungarian folk costume within an ornate oval cartouche. |
|---|---|
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| Reverse description | Brown and light blue-green note with a symmetrical design centred on the Hungarian crowned coat of arms flanked by elaborate foliate scrollwork. Two stylised blue bird vignettes appear at left and right of the central arms, set against a guilloche underprint. A multilingual denomination panel along the upper border renders the value in Russian, Romanian, Slovak, Serbo-Croatian, and German, while the numeral "100000" is repeated at top and bottom, with "SZÁZEZER PENGŐ" inscribed in a panel at the foot. |
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| Comments |
Hungary's postwar hyperinflation was among the worst ever recorded, and this note arrived early in the collapse. By the time the 100,000 pengő was issued in 1945, the currency had already been deteriorating for years under wartime financing — but the real disintegration was still ahead. Within months, denominations would climb to the milpengő and then the b.-pengő, making this note effectively worthless before the ink was dry on later issues.
Printed domestically by the Hungarian Banknote Printing Company (Pénzjegynyomda) in Budapest, which continued operating through the Soviet occupation and the entire inflationary spiral.