100 Pengő

These notes were issued by Soviet occupation authorities in Hungary during the final months of World War II, as Red Army forces pushed westward through the country. The issuing authority — the Red Army Command — had no formal mandate from any Hungarian institution; the notes were a military necessity, printed to allow troops and administrators to acquire goods and services in occupied territory without relying on the existing Hungarian pengő supply controlled by a government that was, in some areas, still fighting.

The series is sometimes called "occupation pengő" in collector literature. Soviet military scrip of this type was notoriously prone to inflation-driven dismissal by local populations who recognized it as backed by nothing durable.