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50 Fillér

Issuer Magyar Királyi Postatakarékpénztár (Hungarian Royal Postal Savings Bank)
Year 1920
Type Standard circulation banknote
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Obverse description Dark violet-grey note with a dense guilloche border framing the entire face. The Hungarian royal coat of arms appears as a vignette to the left, while the large numeral '50' is positioned to the right. The central text block carries the issuing authority's redemption clause dated Budapest, 2 October 1920, below which appears a manuscript signature with the printed title 'M. ÁLLAMTITKÁR, KORMÁNYBIZTOS'. The denomination 'ÖTVEN FILLÉR' is printed in bold letterpress across the top.
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Reverse description The reverse is printed in grey and dominated by a large central guilloche rosette from which the bold numeral '50' emerges at the centre. The inscription 'ÖTVEN FILLER' is set horizontally across the middle field, flanked by the rosette. Four corner medallions each bear the numeral '50', all enclosed within an intricate engine-turned guilloche border with foliate ornamental detail.
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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.

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