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50 Forint

Issuer Magyar Nemzeti Bank
Year 1951
Type Standard circulation banknote
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Obverse description Portrait of Prince Ferenc II Rákóczi in an oval intaglio vignette at right, rendered after the celebrated painting by Ádám Mányoki, with the large numeral 50 in a guilloche-framed oval at left. The issuer inscription MAGYAR NEMZETI BANK and the date BUDAPEST, 1951 ÉVI SZEPTEMBER HÓ 1-ÉN appear in the central field, above three manuscript signatures. The denomination ÖTVEN FORINT is set in bold letterpress at top, with the anti-counterfeiting legend A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI along the lower border.
Obverse lettering ÖTVEN FORINT
BUDAPEST, 1951 ÉVI SZEPTEMBER HÓ 1-ÉN
MAGYAR NEMZETI BANK
A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI
HORVÁTH E. DEL. ET SC. MÁNYOKI Á. PINX.
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Comments

The 1951 series was issued under full Soviet-style central planning, just two years after Hungary's forced political consolidation under Rákosi. The National Bank had been nationalized in 1948, and these notes were among the first produced entirely within Hungary — design, engraving, and printing — without recourse to foreign security printers, which the new regime considered politically important.

Ádám Mányoki as a named designer credit is worth noting: he was an 18th-century court painter, long dead, whose work was being conscripted posthumously into the iconographic program of a communist state. The attribution almost certainly refers to a portrait source, not a living collaborator.

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