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25 Korona
| Issuer | Hungarian Ministry of Finance |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Shape | Rectangular |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | MAGYARORSZÁG (Translation: HUNGARY) FÜNFUNDZWANZIG KRONEN HUSZONÖT KORONA DIE OESTERREICHISCH-UNGARISCHE BANK AZ OSZTRÁK-MAGYAR BANK GENERALRAT-FŐTANÁCSOS GENERALSEKRETÄR-ALKORMANYZÓ WIEN, 27. OKTOBER 1918 BÉCS, 1918. ÉVI OKTÓBER 27.-ÉN |
| Reverse description | The reverse is unprinted, showing only the plain paper stock with a fine horizontal wavy-line guilloche pattern visible across the entire surface, along with evidence of vertical and horizontal fold lines consistent with circulation use. |
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| Comments |
Hungary's postwar monetary situation in 1920 was a slow-motion disaster. The Austro-Hungarian krone had already been effectively partitioned among successor states, and Hungary was printing into a currency that would be dead within a few years — hyperinflation rendered the korona nearly worthless by 1923–24, with the eventual stabilization requiring the introduction of the pengő in 1927.
The Ministry of Finance, rather than the central bank, acted as issuing authority for this series — a telling sign of how thoroughly normal banking infrastructure had collapsed after the war and the brief but destabilizing Kun republic of 1919.