Catalog
50 Fillér
| Issuer | Magyar Királyi Postatakarékpénztár (Hungarian Royal Postal Savings Bank) |
|---|---|
| Year | 1920 |
| Type | Log in to see details |
| Value | 50 Fillér (1/2) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ÖTVEN FILLÉR AM.KIR.POSTATAKARÉK-PÉNZTÁR BÁRKI KÍVÁNSÁ-GÁRA E PÉNZJEGYET NÉV-ÉRTÉKBEN ÁTVÁLTJA MÁS TÖRVÉNYES PÉNZNEMEKRE. BUDAPEST, 1920. OKTÓBER 2-ÁN. M. ÁLLAMTITKÁR, KORMÁNYBIZTOS. E PÉNZJEGY UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK. |
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| Reverse lettering | ÖTVEN FILLER 50 |
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| Comments |
Hungary's postal savings bank — not the National Bank — issued this note during the chaotic interwar period when the country was scrambling to manage a severe coin shortage following the collapse of the Austro-Hungarian monetary system. Small-denomination paper fillérs were a stopgap, filling the void left by hoarded and disappeared metal coinage. The postal savings bank had the administrative infrastructure to distribute them efficiently through its branch network, which made it a logical, if unusual, issuing authority for emergency fractional currency.
The fillérs of this series were short-lived in practical terms — hyperinflation was already accelerating by 1921, and sub-korona denominations became economically irrelevant well before they could wear out.