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20 000 Forint
| Issuer | Magyar Nemzeti Bank (Hungarian National Bank) |
|---|---|
| Year | 2004-2007 |
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| In circulation to | 31 December 2017 |
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| Obverse description | Intaglio portrait of Ferenc Deák in three-quarter view occupies the right portion of the note, his name inscribed above in uppercase lettering. The centre-left carries the issuer inscription MAGYAR NEMZETI BANK above the Hungarian coat of arms and two facsimile signatures, with the denomination 20000 and HÚSZEZER FORINT rendered in bold numerals and letterpress text across the upper field. An oval guilloche underprint panel appears at the far left, and the city and year of issue BUDAPEST 2004 are printed below the coat of arms. |
|---|---|
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| Reverse description | A detailed intaglio vignette occupies the central and left fields, rendering the temporary Hungarian Parliament building in Pest set within a landscaped square with figures in period dress and a central statue. The denomination 20000 appears in large numerals at upper right alongside a rosette security element, while the inscription HÚSZEZER FORINT is set in bold lettering across the lower portion. The legend AZ IDEIGLENES MAGYAR KÉPVISELŐHÁZ PESTEN is inscribed at the top of the vignette. |
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| Comments |
The 20,000 Forint was introduced in 2004 as the highest denomination in Hungarian circulation — a response to cumulative inflation that had quietly eroded the practical ceiling of the 10,000 Forint note, itself only introduced in 1997. Magyar Pénzjegynyomda has printed Hungarian currency continuously since 1923, surviving nationalization, two currency reforms, and the transition from a command economy, which gives the Budapest plant an unusually unbroken institutional history for a state printer of its size.
Vagyóczky handled both the design and the primary engraving, an uncommon consolidation of roles on a high-denomination note.