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100 Korona
| Issuer | Hungarian Royal Ministry of Finance (Magyar Királyi Pénzügyminisztérium) |
|---|---|
| Year | 1923 |
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| Reference(s) | P#73 |
| Obverse description | Brown and tan note with an elaborate guilloche border enclosing the central text panel. A finely engraved oval vignette at right presents a female portrait in period dress with long curled hair. The Hungarian coat of arms appears at the top centre, flanked by ornate rosette cornerpieces, with the denomination numeral "100" repeated in the upper-left and lower-right corners. The central panel carries the denomination title in decorative script above the issuing authority's legal text, place, and date, with a manuscript signature of the Pénzügyminister below. |
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| Obverse lettering | SZÁZ KORONA EZ AZ ÁLLAMJEGY, A MELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZTÁRNÁL FIZETÉSKÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1923. ÉVI JULIUS HÓ 1-ÉN. PÉNZÜGYMINISTER AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. Magyar Pénzjegynyomda Rt. Budapest. |
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| Comments |
By 1923, Hungary was deep in the hyperinflation that followed the dismemberment of the Austro-Hungarian Empire and the punishing terms of the 1920 Treaty of Trianon. This note was issued not by a central bank but directly by the Ministry of Finance — a consequence of the fact that Hungary lacked a functioning independent central bank until the Magyar Nemzeti Bank was formally established in 1924. Tibor Kállay served as Finance Minister from 1921 to 1924, presiding over a currency in freefall; the 100 Korona denomination, once substantial, had become nearly worthless by the time most of these notes entered circulation.