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1000 Pengő
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1927 |
| Type | Log in to see details |
| Value | Log in to see details |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#94 |
| Obverse description | Central vignette at right comprises an intaglio portrait of Hungaria, the allegorical female figure based on the statue in Arad, set within an ornate oval frame. The denomination EZER PENGŐ is inscribed in bold letterpress at centre, with the issuer name MAGYAR NEMZETI BANK below, and the date BUDAPEST, 1927 ÉVI JULIUS HÓ 1-ÉN. An elaborate guilloche underprint fills the background, with a large blank oval medallion to the left for the watermark area, and the Hungarian coat of arms at lower centre flanked by two signature lines. |
|---|---|
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| Protection description | Blank oval watermark area visible on obverse left side. |
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| Comments |
The Magyar Pénzjegynyomda — the Hungarian banknote printing works established in Budapest in 1926 — produced this note almost immediately after opening, making it among the earliest issues to come entirely from domestic facilities. Hungary had relied heavily on foreign printers during the interwar stabilization period, so this series marked a deliberate shift toward printing self-sufficiency following the catastrophic hyperinflation of the korona in 1922–1924.
The 1000 pengő was the highest denomination at launch of the new currency. Watermark security was modest by contemporary European standards, reflecting budget constraints still felt during post-stabilization reconstruction under the League of Nations financial program.