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| 正面描述 | At left, an allegorical female figure seated in classical robes holds a sheaf of wheat and a dove, with ornate guilloche borders framing the composition. At right, a laurel-crowned female portrait vignette is set within an elaborate cartouche. The centre bears the issuing bank name MAGYAR NEMZETI BANK with an eagle vignette below, flanked by the denomination numeral 100 at each upper corner. |
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| 正面铭文 | SZÁZ PENGŐ BUDAPEST, 1943. ÉVI FEBRUÁR HÓ 24.-ÉN MAGYAR NEMZETI BANK ELNÖK FŐTANÁCSOS VEZÉRIGAZGATÓ A BANKJEGYEK UTÁNZÁSÁÉRT TÖRVÉNYSZABTA BÜNTETÉS JÁR |
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The 100 Pengő notes of 1943 belong to a period when Magyar Nemzeti Bank was printing under serious wartime fiscal pressure — Hungary's military commitments on the Eastern Front were generating deficits that paper issuance could only temporarily mask. Inflation was already embedded in the system by this point; the hyperinflation that would eventually make the pengő the most severely devalued currency in recorded history was still two years away, but the trajectory was set.
P#115 carries a Veszprém overprint or regional designation, distinguishing it within the broader wartime series. Such regional variants often reflect administrative distribution controls rather than separate monetary policy — worth establishing provenance on any example before attributing special regional significance.