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100 Korona

Issuer Hungarian Royal Ministry of Finance
Year 1920
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Shape Rectangular
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Reverse description An ornate guilloche border encloses the reverse field, at the centre of which the face value appears in large, bold Hungarian numerals and text. The denomination is additionally rendered in five languages arranged around the central value, reflecting the multilingual character of the former Austro-Hungarian monetary area.
Reverse lettering UNA SUTĂ KORONAE. HUNDERT KRONEN. SZÁZ KORONA STO KORÚN. СТО КРУНА. СТО КОРУНЪ.
(Translation: One Hundred Crowns)
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Comments

Hungary's post-WWI financial situation was dire enough that the new state couldn't initially rely on domestic printing capacity for its currency needs. This 100 Korona was contracted to Orell Füssli in Zurich — a firm with deep roots in Swiss security printing — while Hungary was still navigating the political wreckage of the dissolved Austro-Hungarian monarchy and the brief but destabilizing Kun Soviet Republic of 1919.

The issuing authority, the Hungarian Royal Ministry of Finance rather than a central bank, reflects the institutional vacuum of the period. The Hungarian National Bank wouldn't be established until 1924, under League of Nations financial supervision following a near-total currency collapse.

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