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2 Pengő Russian Occupation

Issuer Command of the Red Army (Vöröshadsereg Parancsnoksága)
Year 1944
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Size 136 × 67 mm
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Obverse description Blue-tinted note with a central guilloche-bordered panel bearing the large bold denomination numeral '2' flanked by decorative scrollwork vignettes on either side, with the issuing authority inscription arched above and the denomination in words set in the centre. Below the denomination text, three lines of mandatory acceptance and anti-forgery warnings appear in smaller letterpress. The overall design relies on fine guilloche underprint patterns filling the borders.
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Reverse lettering A VÖRÖSHADSEREG PARANCSNOKSÁGA 2 KÉT PENGŐ 2 1944
(Translation: Two Pengoes Commander of the Red Army)
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Comments

These notes were issued by Soviet military command following the entry of Red Army forces into Hungary in late 1944, part of a series of occupation currency denominations printed to supply troops and facilitate requisitioning from the local population. The printing origin remains debated — Soviet military currency of this type was typically produced in the USSR, though the Hungarian-language text and forint-adjacent denomination structure were deliberate choices to ease acceptance among civilians who were, understandably, skeptical of anything handed to them by an occupying army.

The print run of over twelve million places this among the more common denominations in the M-series, yet genuine circulation wear is surprisingly inconsistent — many notes were simply destroyed or discarded as Soviet forces moved westward.

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