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50 Pengő Food loan note
| Issuer | Budapest székesfőváros (City of Budapest) |
|---|---|
| Year | 1945 |
| Type | Log in to see details |
| Value | 50 Pengő |
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| Obverse description | Typeset note printed in dark purple on a pale green fine guilloche underprint background. Large numeral '50' denominators occupy the upper corners and lower corners, with the title 'ÉLELMEZÉSI KÖLCSÖNJEGY' set in bold letterpress across the upper portion, flanked by ornamental rosettes. A central block of Hungarian text sets out the redemption terms, dated Budapest, 1 March 1945, below which three manuscript signatures appear above their respective titles: TANÁCSNOK (Councillor), POLGÁRMESTER (Mayor), and FŐSZÁMVEVŐ (Chief Accountant). A series letter and serial number are printed in the upper left and upper right respectively. |
|---|---|
| Obverse lettering | ÉLELMEZÉSI KÖLCSÖNJEGY 50 PENGŐ, AZAZ ÖTVEN PENGŐRŐL Ezt a kölcsönjegyet a túloldalon felsorolt bármely beváltóhely 1945. szeptember 1-én, vagy az azt követő időben kamatmentesen, minden levonás nélkül a bemutatónak törvényes fizetési eszközre beváltja. A kölcsönjegy 1945. május 1-től adó- és lakbérfizetésre névértékben felhasználható. Budapest székesfőváros közönsége ebben a kölcsönjegyben vállalt kötelezettségének pontos teljesítéséért mindennemű ingó- és ingatlanvagyonával és összes jövedelmével szavatol. A kölcsönjegy utánzásáért törvényszabta büntetés jár. Budapest, 1945. évi március hó 1. (Translation: FOOD LOAN NOTE 50 PENGŐ, THAT FIFTY PENGŐ This loan note will be redeemed by any of the redemption points listed on the opposite page on September 1, 1945, or at any time thereafter, interest-free, without any deductions, for legal tender upon presentation. The loan note can be used for tax and rent payments at face value from May 1, 1945. The public of the capital city of Budapest guarantees the exact fulfillment of its obligation under this loan note with all its movable and immovable property and all its income. Imitation of this loan note is punishable by law. Budapest, March 1, 1945.) |
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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.