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100 Pengő

Issuer Magyar Nemzeti Bank
Year 1939
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Currency Pengo (1927-1946)
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Reverse description The reverse retains the original design of the 5 Pengő note (P#106), with a central vignette of a standing robed female figure holding a lute, set within an elaborate architectural frame with radiating guilloche patterns. A decorative floral rosette element appears at the far right. The lower border carries the denomination inscription in multiple languages.
Reverse lettering ÖT PENGŐ · FÜNF PENGŐ · ПЕТ ПЕНГОВА · РАТ PENGŐ · ПЯТ ПЕНГИРЭ · CINCCI PENGŐ
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Comments

Hungary's 1939 100 Pengő was issued by the Magyar Nemzeti Bank as the country was being drawn into Germany's economic and political orbit. The Pengő had been a stable currency since its introduction in 1927, replacing the hyperinflation-wrecked Korona, but the war years would erode that stability rapidly — by 1945 the system had begun its collapse into what became the worst hyperinflation in recorded history, rendering notes of this denomination essentially worthless within a few years of issue.

Pick 107 was printed by the Hungarian state printing works in Budapest. Serial number placement and overprint variants within the series are worth examining closely.

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