Catalog
2 Korona
| Issuer | Magyar Pénzügyminisztérium (Hungarian Ministry of Finance) |
|---|---|
| Year | 1920 |
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| Value | Log in to see details |
| Currency | Crown (1919-1926) |
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| Obverse description | Circular note printed on pale yellow paper, the entire face occupied by an intricate concentric guilloche rosette in grey-black. The numeral '2' appears at centre within the lacework pattern, with the denomination legend 'KORONA' set in a curved banner immediately below, all enclosed within a scalloped outer border. |
|---|---|
| Obverse lettering | 2 KORONA |
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| Comments |
Hungary's postwar disintegration made small-denomination paper necessary in a hurry. The Austro-Hungarian krone had collapsed in practical terms well before it was formally replaced, and the Hungarian Ministry of Finance — not a central bank — issued this note directly, reflecting how thoroughly normal banking infrastructure had broken down by 1920. The Finance Ministry's direct role as issuer was a stopgap, not a policy choice.
P#56 belongs to a group of low-value emergency emissions that circulated hard and survived poorly. Inflation accelerated sharply through 1921–1922, making 2 korona notes economically worthless almost immediately after issue.