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50 Pengő Food loan note
| Issuer | Budapest székesfőváros (City of Budapest) |
|---|---|
| Year | 1945 |
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| Composition | Log in to see details |
| Size | 149 × 85 mm |
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|---|---|
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| Reverse description | Typeset note printed in dark purple on a pale green fine guilloche underprint. Large numeral '50' denominators appear in each corner, with small rosette ornaments bearing the value '50' set at each corner in pink guilloche. The central field is occupied by a block of Hungarian text detailing the redemption network, set within a lightly tinted oval underprint panel. |
| Reverse lettering | A kölcsönjegyeket 1945. szeptember hó 1-től kezdve a székesfőváros központi pénztára (IV., Központi városháza), az összes kerületi elöljáróságok és adóhivatalok pénztárai, valamint az összes budapesti pénzintézetek váltják be. Vidéken a kölcsönjegyeket a pénzintézetek és a postatakarékpénztárak fogják beváltani. A kölcsönjegyeket Budapest székesfőváros központi pénztára, az összes kerületi elöljáróságok és adóhivatalok pénztárai, valamint az összes budapesti pénzintézetek árusítják. (Translation: From 1 September 1945, the bonds will be redeemed by the central treasury of the capital (IV., Central City Hall), the cash registers of all district authorities and tax offices, and all financial institutions in Budapest. In the countryside, the bonds will be redeemed by financial institutions and postal savings banks. The bonds will be sold by the central treasury of the capital Budapest, the cash registers of all district authorities and tax offices, and all financial institutions in Budapest.) |
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| Comments |
By early 1945, Budapest was in ruins — the siege had ended in February, and the provisional Hungarian government had not yet established functional monetary infrastructure. The City of Budapest issued these food loan notes as a local emergency measure, intended to facilitate the procurement and distribution of basic provisions at a time when the pengő itself was beginning its catastrophic slide toward hyperinflation. The notes were a municipal stopgap, not a product of the National Bank.
The printing was done locally under severely compromised conditions, which accounts for the variable quality of impression seen across surviving examples.