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| 正面描述 | An intaglio oval portrait vignette of Prince Ferenc II Rákóczi occupies the right field, rendered in a dark reddish-brown palette against a fine guilloche underprint that covers the entire note. The denomination numeral '50' appears at each upper corner and at lower left, with the central legend 'ÖTVEN PENGŐ' and 'MAGYAR NEMZETI BANK' boldly inscribed; the issue date 'BUDAPEST, 1945. ÉVI ÁPRILIS HÓ 5-ÉN' is set below the central text, flanked by the Hungarian coat of arms and two manuscript facsimile signatures captioned 'FŐTANÁCSOS' and 'VEZÉRIG. HELYETT'. |
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| 正面铭文 | ÖTVEN PENGŐ MAGYAR NEMZETI BANK BUDAPEST, 1945. ÉVI ÁPRILIS HÓ 5-ÉN FŐTANÁCSOS ELNÖK VEZÉRIG. HELYETT A BANKJEGYEK UTÁNZÁSÁÉRT TÖRVÉNYSZABTA BÜNTETÉS JÁR |
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This note draws on a design by Károly Lotz, the nineteenth-century Hungarian academic painter best known for his ceiling frescoes in the Hungarian State Opera House and the Parliament building — an unusual source for banknote artwork, though posthumous borrowings of this kind were not uncommon in Hungarian issues of the period. The Magyar Nemzeti Bank was operating under Soviet occupation by the time these notes entered circulation, the Arrow Cross government having collapsed in early 1945.
Within months, the 50 Pengő was rendered worthless by the hyperinflation of 1945–46 — the worst ever recorded — when the Adópengő and eventually the Forint replaced a currency that had lost all functional value.