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5 Pengő Russian Occupation
| Issuer | Command of the Red Army (Soviet Occupation Authority) |
|---|---|
| Year | 1944 |
| Type | Log in to see details |
| Value | 5 Pengos (5 Pengő) |
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| Composition | Log in to see details |
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|---|---|
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| Reverse description | Printed in purple-brown on cream paper, the reverse carries a simpler layout centred on the large denomination text in Hungarian, with the issuing authority name arched above in two lines within a guilloche-bordered panel. Ornate scroll vignettes occupy the upper corners and a horizontal band of fine guilloche underprint runs along the top and bottom margins. The year '1944' is printed in a central banner at the foot of the design, flanked by small asterisk ornaments. |
| Reverse lettering | A VÖRÖSHADSEREG PARANCSNOKSÁGA ÖT PENGŐ 1944 (Translation: The commander of the red army Five Pengoes 1944) |
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| Comments |
Issued by the Soviet military command during the occupation of Hungary in late 1944, this note was part of a series of military scrip denominations introduced specifically to pay Red Army troops and facilitate requisitioning from the local population — effectively a tool of economic extraction as much as a monetary instrument. The Hungarians had no say in its introduction, and the legitimate National Bank of Hungary had no role in authorizing it.
The printing quantity of over twelve million for this denomination alone was substantial, and the notes circulated alongside legitimate Hungarian pengő at forced parity, accelerating the inflationary pressure that would ultimately produce one of the most severe hyperinflations in recorded history by 1945–46.