100 Forint

Hungary's postwar hyperinflation of 1945–46 remains the worst recorded in economic history, with the pengő ultimately collapsing to a denomination of 100 quintillion. The forint was reintroduced on 1 August 1946 as part of a stabilization program that required near-total elimination of the old currency — the conversion rate from pengő to forint was set at 400,000 quadrillion to one. This 100 Forint note belongs to that first forint emission, meaning it entered circulation on the day the new currency was born.

Magyar Bankjegynyomda, the domestic printing works, handled the entire series despite significant postwar disruption to production capacity in Budapest.