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20 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1920 |
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| Shape | Rectangular |
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|---|---|
| Obverse lettering | HÚSZ KORONA EZ AZ ÁLLAMJEGY, AMELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL, VALAMINT MINDEN KÖZPÉNZ- TÁRNÁL FIZETÉSKÉP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1920. ÉVI JANUÁR HÓ 1.-ÉN. AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. (Translation: Twenty Crowns This treasury note, which is a part of Hungary`s pending debt, is to be accepted at face value by payment by everyone and in every public fund, according to the decisions of the law. Budapest, 1 January, 1920 Counterfeiting treasury notes is punishable by law) |
| Reverse description | The Hungarian coat of arms is positioned at the top centre. The face value '20' and the denomination 'HÚSZ KORONA' appear in bold at the centre, surrounded by the value stated in five additional languages arranged above and below in smaller text, all set within a decorative guilloche frame. |
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| Comments |
Hungary's post-WWI financial situation was dire enough that the Royal Ministry of Finance — rather than the Austro-Hungarian Bank, which had collapsed with the empire — was issuing currency directly. This 20 Korona is part of that stopgap domestic production, printed entirely within Hungary during a period when the new state lacked a functioning central bank of its own. The Magyar Pénzjegynyomda in Budapest handled the series.
The print run of just over twelve million is modest by wartime emergency standards, and significant attrition occurred during the 1920s inflation and subsequent currency reforms that replaced the Korona with the Pengő in 1927.