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20 Pengő
| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1941 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 164 × 75 mm |
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| Obverse description | Blue on tan and light green underprint. Central vignette at lower centre shows a shepherd with sheep, while a portrait of a woman in traditional Hungarian national costume appears at right. Denomination and bank name inscriptions frame the design. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | The central intaglio-engraved vignette, set within an ornate guilloche oval frame, presents an elderly man and a young woman in traditional folk costume, the latter holding a sickle and a staff. The Hungarian coat of arms appears in a decorative cartouche at the left, numerals '20' in guilloché panels at centre-right and at the far right margin, and a multilingual denomination panel at the lower border. |
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| Comments |
Hungary maintained paper currency production through the early war years with relative stability, but the 1941 20 Pengő belongs to a series that would soon be overwhelmed by one of the most catastrophic inflations in recorded history. By mid-1946, the Pengő had collapsed so completely that the Hungarian National Bank was issuing the Egymilliárd B.-Pengő — denominations in the quintillions — making this note, within five years of printing, worth a fraction of a fraction of nothing.
Circulation wear is common on surviving examples; wartime Hungary saw heavy transactional use of mid-range denominations like this one before hoarding behavior set in as inflation accelerated after 1944.