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200 Korona
| Issuer | Magyar Királyi Állami Jegyintézet (Hungarian Royal State Note Institute) |
|---|---|
| Year | 1920 |
| Type | Standard circulation banknote |
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| Obverse description | Series A issue, distinguished from Series B (P#29), which bears a revalidation handstamp reading 'MAGYARORSZÁG' applied over the earlier Austro-Hungarian issues P-14, P-15, and P-16. The face carries the denomination and country name inscription within a guilloche-patterned border typical of the post-WWI Hungarian state note issues. |
|---|---|
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| Reverse description | The reverse presents a fine guilloche underprint across the entire field, with the denomination value rendered in letterpress within a lightly patterned background. The overall design is spare, relying on the guilloche network as the primary decorative and security element. |
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| Comments |
The Magyar Királyi Állami Jegyintézet was a short-lived instrument of necessity — established after the collapse of the Austro-Hungarian Empire left Hungary without a functioning central bank and urgently needing its own currency infrastructure. This 200 Korona was issued during a period of severe monetary instability, with Hungary simultaneously dealing with the territorial losses imposed by the Treaty of Trianon, signed June 1920, and hyperinflationary pressure that would eventually make the entire Korona series worthless within a few years.
The Korona was replaced by the Pengő in 1927, by which point denominations that once seemed substantial had become effectively valueless through inflation.