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50 000 Adópengő
| Issuer | Hungarian State Treasury |
|---|---|
| Year | 1946 |
| Type | Log in to see details |
| Value | 50 000 Adópengő (50 000) |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | Log in to see details |
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| Designer(s) | Log in to see details |
| Engraver(s) | Log in to see details |
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| Obverse description | Green note with ornate guilloche border framing the face. The denomination and tax-voucher designation are printed in bold letterpress text, with the serial number rendered in red ink. The overall layout is spare and utilitarian, consistent with the emergency fiscal character of the Adópengő issue. |
|---|---|
| Obverse lettering | Log in to see details |
| Reverse description | Log in to see details |
| Reverse lettering | Ezt az adójegyet kizárólag azoknak az adő- pengóben kivetett közadóknak a lerovására lehet felhasználni, amelyeknél azt a pénz- ügyminiszter 5.600/1946. M.E. számú rendelet- ben kapott felhatalmazás alapján engedélyezi. A túloldalon jelzett felhasználási határidő lejártával ez az adójegy érvényét veszti s az érvényességi határidőig adólerovásra fel nem használt adójegy alapján az államkincstárral szemben követelést támasztani nem lehet. (Translation: This tax note may be used to pay public taxes levied in the tax pengo which the Minister of Finance authorized by Prime Ministerial Decree No. 5.600/1946. Upon expiration of the deadline date indicated on the other side, this tax note becomes invalid and no claim can be made against the state treasury on the basis of a tax note not used for tax payment before the expiry date.) |
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| Comments |
Hungary's postwar hyperinflation of 1945–46 remains the worst ever recorded in monetary history. The adópengő — literally "tax pengő" — was introduced as an inflation-indexed unit tied to a daily officially published coefficient, a bureaucratic attempt to give the currency a stable anchor while the underlying pengő collapsed entirely. By the time this 50,000 adópengő note was issued, that coefficient was being adjusted daily by factors of hundreds.
On 1 August 1946, when the forint replaced everything, the total value of all pengő and adópengő in circulation was equivalent to roughly one-thousandth of a forint cent. Magyar Állami Nyomda printed over twelve million of these, yet almost none survived — not because they were rare at issue, but because they were worthless within weeks of printing.