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5000 Korona
| Issuer | Hungarian Royal Ministry of Finance |
|---|---|
| Year | 1923 |
| Type | Log in to see details |
| Value | 5000 Crowns (Koronás) |
| Currency | Log in to see details |
| Composition | Log in to see details |
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| Designer(s) | Log in to see details |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | ÖTEZER KORONA EZ AZ ÁLLAMJEGY, A MELY MAGYARORSZÁG FÜGGŐ ADÓSSÁGÁNAK RÉSZE, A TÖRVÉNY-HATÁROZATAIHOZ KÉPEST MINDENKI ÁLTAL VALAMINT MINDEN KÖZPÉNZTÁRNÁL FIZETÉSKÉPP TELJES NÉVÉRTÉKBEN ELFOGADANDÓ. BUDAPEST, 1923. ÉVI JULIUS HÓ 1-ÉN. PÉNZÜGYMINISTER AZ ÁLLAMJEGYEK UTÁNZÁSA A TÖRVÉNY SZERINT BÜNTETTETIK Magyar Pénzjegynyomda Rt. Budapest |
| Reverse description | Log in to see details |
| Reverse lettering | CINCI MII COROANE FÜNFTAUSEND KRONENE ÖTEZER KORONA PÁT TISÍC KORÚN ПЕТ ХИЉАДА КРУНА ПЯТЬТИСЯЧЪ КОРУНЪ |
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| Comments |
By 1923, Hungary was deep in the hyperinflationary spiral that followed the dissolution of the Austro-Hungarian Empire and the punishing terms of the Treaty of Trianon. The Hungarian Royal Ministry of Finance — not a central bank — was issuing currency directly, a structural abnormality that reflected just how thoroughly the old monetary architecture had collapsed. The 5000 Korona was a high denomination by prewar standards; by the time most of these notes reached circulation, it barely covered basic transactions.
Magyar Pénzjegynyomda had been established precisely to give Hungary domestic printing capacity after the break with Vienna. The korona itself would be replaced by the pengő in 1927, rendering the entire series obsolete within a few years of issue.