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5 Forint

Issuer Magyar Nemzeti Bank
Year 1955
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Currency Forint (1946-date)
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Obverse lettering ÖT FORINT MAGYAR NEMZETI BANK 1955. ÉVI JANUÁR HÓ 31.-ÉN 5
(Translation: FIVE FORINT HUNGARIAN NATIONAL BANK 1955 JANUARY 31)
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Reverse lettering 5 ÖT ÖT FORINT A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI
(Translation: FIVE 5 FIVE FORINT COUNTERFEITING IS PUNISHED BY LAW)
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Comments

The 1955 Hungarian 5 Forint belongs to the post-stabilization series introduced after the catastrophic 1946 hyperinflation — the worst ever recorded — which had rendered the preceding pengő worthless at a ratio of 400 octillion pengő to one forint. By 1955, the forint was a decade old and the Magyar Nemzeti Bank was issuing standardized notes under Soviet-aligned economic reorganization.

The series was printed by the Hungarian Banknote Printing Company (Pénzjegynyomda) in Budapest, which had been nationalized by this point. Lower denominations like this saw heavy circulation and survivors in clean condition are genuinely uncommon.

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