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| 正面描述 | 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. |
|---|---|
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| 背面描述 | 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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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.