Catalog
100 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
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| Size | 155 × 100 mm |
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| Obverse description | An ornate guilloche border frames the entire note, with a vignette portrait of King Matthias Corvinus (Mátyás Hunyadi) positioned to the right. The central field carries the principal inscriptions in Hungarian, including the denomination and the legal tender declaration. The overall design is executed in letterpress with fine ornamental detail throughout the frame. |
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| Obverse lettering | 100 SZÁZ KORONA EZ AZ ÁLLAMJEGY, AMELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZTÁRNÁL FIZETÉS- KÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1920. ÉVI JANUÁR HÓ 1.-ÉN. AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. (Translation: One Hundred Crowns This treasury note, which is a part of Hungary`s pending debt, is to be accepted at face value by payment by everyone and in every public fund, according to the decisions of the law. Budapest, 1 January, 1920 Counterfeiting treasury notes is punishable by law) |
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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.