Catalog
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| Issuer | Magyar Nemzeti Bank |
|---|---|
| Year | 1926 |
| Type | Log in to see details |
| Value | 50 Pengos (50 Pengő) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ÖTVEN PENGŐ BUDAPEST, 1926. ÉVI MÁRCIUS HÓ 1-ÉN MAGYAR NEMZETI BANK FŐTANÁCSOS ELNÖK VEZÉRIGAZGATÓ A BANKJEGYEK UTÁNZÁSÁÉRT TÖRVÉNYSZABTA BÜNTETÉS JÁR |
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| Protection type | Log in to see details |
| Protection description | Prince Ferenc II Rákóczi's portrait visible in the paper when held to light. |
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| Comments |
Hungary's postwar hyperinflation of 1922–24 had rendered the korona worthless — at its worst, notes were being issued in the billions. The 1926 pengő series was the direct consequence of a League of Nations-supervised stabilization program, which tied the new currency to gold and handed oversight to an international committee seated in Geneva. The Magyar Nemzeti Bank itself had only been re-established in 1924 as a condition of that loan arrangement.
This note was printed domestically, which was a deliberate political choice — Hungary wanted visible control over its own monetary reconstruction after years of external interference.