Catalog
4 Pengő Provisional issue
| Issuer | Magyar Királyi Pénzügyminisztérium (Hungarian Royal Ministry of Finance) |
|---|---|
| Year | 1925 |
| Type | Log in to see details |
| Value | 4 Pengos (4 Pengő) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50000 PENGŐ ÖTVENEZER KORONA 4 NÉGY PENGŐ BUDAPEST 1923. ÉVI MÁJUS HÓ 1-ÉN. AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. |
| Reverse description | Log in to see details |
| Reverse lettering | 50000 ÖTVENEZER KORONA CINCI ZECI MII COROANE FÜNFZIGTAUSEND KRONEN PÄŤDESIATTISÍC KORÚN ПЕДЕСЕТ ХИЉАДА КРУНА ПЯТЬДЕСЯТЬ ТЫСЯЧЪ КОРУНЪ |
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| Comments |
Hungary's postwar hyperinflation had annihilated the korona by 1924, and the stabilization program brokered through the League of Nations required an entirely new currency — the pengő — before adequate printing infrastructure was ready domestically. This note was a stopgap, produced by Orell Füssli in Zurich while the National Bank of Hungary was still being formally constituted.
The "provisional" designation is genuine, not a collector convenience. These notes were intended from the outset to be withdrawn once permanent pengő notes entered circulation, which kept surviving quantities modest. Orell Füssli had a long record with emergency and transitional issues for central European states scrambling to rebuild monetary systems after 1918.