Catalog
20 000 Forint
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1999 |
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| Printer | Hungarian Banknote Printing Company (Magyar Pénzjegynyomda), Budapest, Hungary (1923-date) |
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| Obverse description | Intaglio portrait of Ferenc Deák, statesman and 'Father of the Nation', positioned to the right, his name inscribed above in capital letters. The centre carries the denomination numeral '20000' in large print above the issuer inscription 'MAGYAR NEMZETI BANK', with the Hungarian coat of arms and two signature lines below, over the place and date 'BUDAPEST 1999'. A multicoloured guilloche underprint with latent numeral elements fills the background. |
|---|---|
| Obverse lettering | DEÁK FERENC 20000 HÚSZEZER FORINT MAGYAR NEMZETI BANK BUDAPEST 1999 A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI VAGYÓCZKY K. DEL. ET SC. |
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| Comments |
The 20,000 forint was the highest denomination Hungary had issued in the post-communist period when it entered circulation in 1999, a reflection of the cumulative inflation damage the forint had absorbed through the early 1990s. Hungary avoided hyperinflation on the scale of some neighboring transition economies, but a 1995 austerity package — the Bokros Plan — was still working through the system when this note was designed.
Magyar Pénzjegynyomda has printed Hungarian currency continuously since 1925, one of relatively few central European countries to have maintained domestic banknote production through the entire communist period and beyond. Vagyóczky handling both design and obverse engraving on a single issue is worth noting — that kind of unified authorship over a note's primary face is not common in modern production.