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100 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
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| Composition | Paper |
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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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| 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.