Currency of Hungary - Revision history

LatinKing2020: added P-118b, P-119b, P-140a, P-140b, P-143a

2026-03-11T18:40:38Z

added P-118b, P-119b, P-140a, P-140b, P-143a

LatinKing2020: added P-111, P-116, P-M7, P-M8

2026-03-10T22:27:42Z

added P-111, P-116, P-M7, P-M8

LatinKing2020: added P-122, P-123, P-124, P-125

2026-03-09T22:37:40Z

added P-122, P-123, P-124, P-125

LatinKing2020 at 16:56, 6 March 2026

2026-03-06T16:56:05Z

LatinKing2020: added P-119, P-121, P-135, P-136

2026-03-06T16:55:48Z

added P-119, P-121, P-135, P-136

LatinKing2020: added P-127, P-128

2026-03-05T22:42:50Z

added P-127, P-128

LatinKing2020 at 21:26, 5 March 2026

2026-03-05T21:26:12Z

LatinKing2020: Created page with "== hyperinflation (1945-46) == === ten thousand milpengő (10¹⁰ pengő) === from the Wildman Collection Image:Hun..."

2026-03-05T21:25:55Z

Created page with "== hyperinflation (1945-46) == === ten thousand milpengő (1010 pengő) === 600px|thumb|from the Wildman Collection Image:Hun..."

New page

== hyperinflation (1945-46) ==
=== ten thousand milpengő (1010 pengő) ===
[[Image:Hungarian currency 008.JPG|600px|thumb|from the Wildman Collection]]
[[Image:Hungarian currency 009.JPG|600px|thumb]]
This example is catalog number P-126 and is 171 × 82 mm. It was released April 29, 1946, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc, The denomination milpengő meant one million pengoes. These notes were printed re-using the designs of the earlier 10,000 pengo (P#119) notes.
[[Image:Hungarian currency 002.JPG|600px|thumb|from the Wildman Collection]]
=== ten million milpengő (1013 pengő) ===
[[Image:Hungarian currency 003.JPG|600px|thumb]]
This example is catalog number P-129 and is 180 × 84 mm. It was released 24th of May, 1946, and demonetized 30 July 1946. The portrait is of Lajos Kossuth at right, engraved by Endre Horváth, These notes were printed re-using the designs of the earlier 10 million pengő (P#123) notes.

=== 100 million milpengő (1014 pengő) ===
[[Image:Hungarian currency 004.JPG|600px|thumb|from the Wildman Collection]]
[[Image:Hungarian currency 005.JPG|600px|thumb]]
This example is catalog number P-130 and is 159 × 79 mm. It was released June 3, 1946, and demonetized 30 July 1946. It was engraved by Endre Horváth and Helbing Ferenc. These notes were printed re-using the designs of the earlier 100 million pengo (P#124) notes.

=== 1 milliard milpengő (1015 pengő) ===
[[Image:Hungarian currency 006.JPG|600px|thumb|from the Wildman Collection]]
[[Image:Hungarian currency 007.JPG|600px|thumb]]
This example is catalog number P-131 and is 174 × 84 mm. It was released June 3, 1946, and demonetized 30 July 1946. The portrait of Lucia Lendvay, an average girl from Szekesfehervar, was engraved by Endre Horváth. These notes were printed re-using the designs of the earlier 1,000 million pengo (P#125) notes. This banknote has a version with a brown adhesive stamp of “200 Milliard Pengő” affixed.

''[[Bibliography|Source:]]''
* Cuhaj, George S., ''Standard Catalog of World Paper Money, Modern Issues 1961-Date, Volume Three, 10th Edition,'' Iola, WI: Krause Pub., 2004.

* return to [[World Banknotes]]

[[Category: Selections from the Wildman Collection]]

@@ Line 17: / Line 17: @@
 == hyperinflation (1945-46) ==
 === hundred pengő (10<sup>2</sup> pengő) ===
 [[Image:Hungarian currency 053.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 054.JPG|600px|thumb]]
 This example is catalog number P-111 and is 183 × 97 mm. It was dated 5 April 1945, and demonetized 6 May 1946. It depicts king Matthias Corvinus on the obverse and Buda castle on the reverse. Unlike later denominations, this has the series and serial number in red on the obverse.
 === ten thousand pengő (10<sup>4</sup> pengő) ===
 [[Image:Hungarian currency 028.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 029.JPG|600px|thumb]]
-This example is catalog number P-119 and is 178 × 80 mm. It was released July 15, 1945, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc. Unlike later denominations, this has the series and serial number in red on the reverse. It also comes with adhesive validation stamps.
+The first example is catalog number P-119 and is 178 × 80 mm. It was released July 15, 1945, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc. Unlike later denominations, this has the series and serial number in red on the reverse. It also comes with adhesive validation stamps.
 === hundred thousand pengő (10<sup>5</sup> pengő) ===
@@ Line 106: / Line 122: @@
 [[Image:Hungarian currency 019.JPG|600px|thumb]]
 This example is catalog number P-136 and is 159 × 79 mm. It was released June 3, 1946, and demonetized 30 July 1946. It was engraved by Endre Horváth and Helbing Ferenc. The denomination B.-Pengő meant one trillion pengő, i.e., 10^12. Thus, this denomination was for 10<sup>20</sup> pengő, the highest denomination ever used on a banknote issued for circulation. These notes were printed re-using the designs of the earlier 100 million pengő (P#124) and 100 billion pengő (P#130) notes.
 ''[[Bibliography|Source:]]''

@@ Line 1: / Line 1: @@
 [[Image:Hungarian currency 028.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 029.JPG|600px|thumb]]
 This example is catalog number P-119 and is 178 × 80 mm. It was released July 15, 1945, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc. Unlike later denominations, this has the series and serial number in red on the reverse. It also comes with adhesive validation stamps.

@@ Line 9: / Line 9: @@
 [[Image:Hungarian currency 031.JPG|600px|thumb]]
 This example is catalog number P-121 and is 177 × 80 mm. It was released October 23, 1945 and demonetized 31 July 1946. The portrait is of Valéria Rudas, an ordinary farmer girl from the village of Bény, wearing traditional "Palóc" costume at right, engraved by Endre Horváth. Unlike later denominations, this has the series and serial number in blue on the reverse.
 === ten thousand milpengő (10<sup>10</sup> pengő) ===

@@ Line 1: / Line 1: @@
 [[Image:Hungarian currency 028.JPG|600px|thumb|from the Wildman Collection]]
 == hyperinflation (1945-46) ==
 === ten thousand pengő (10<sup>4</sup> pengő) ===
 This example is catalog number P-119 and is 178 × 80 mm. It was released July 15, 1945, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc. Unlike later denominations, this has the series and serial number in red on the reverse. It also comes with adhesive validation stamps.

@@ Line 1: / Line 1: @@
-[[Image:Hungarian currency 008.JPG|600px|thumb|from the Wildman Collection]]
+[[Image:Hungarian currency 028.JPG|600px|thumb|from the Wildman Collection]]
 == hyperinflation (1945-46) ==
 === ten thousand milpengő (10<sup>10</sup> pengő) ===
 [[Image:Hungarian currency 009.JPG|600px|thumb]]
-This example is catalog number P-126 and is 171 × 82 mm. It was released April 29, 1946, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc, The denomination milpengő meant one million pengoes. These notes were printed re-using the designs of the earlier 10,000 pengo (P#119) notes.
+This example is catalog number P-126 and is 171 × 82 mm. It was released April 29, 1946, and demonetized 31 July 1946. It was engraved by Franke Rupert and Helbing Ferenc. The denomination milpengő meant one million pengő. These notes were printed re-using the designs of the earlier 10,000 pengő (P#119) notes.
 === hundred thousand milpengő (10<sup>11</sup> pengő) ===
 [[Image:Hungarian currency 010.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 011.JPG|600px|thumb]]
-This example is catalog number P-127 and is 180 × 82 mm. It was released April 29, 1946, and demonetized 31 July 1946. The portrait is of Valéria Rudas, an ordinary farmer girl from the village of Bény, wearing traditional "Palóc" costume at right, engraved by Endre Horváth. These notes were printed re-using the designs of the earlier 100,000 pengo (P#121) notes.
+This example is catalog number P-127 and is 180 × 82 mm. It was released April 29, 1946, and demonetized 31 July 1946. The portrait is of Valéria Rudas, an ordinary farmer girl from the village of Bény, wearing traditional "Palóc" costume at right, engraved by Endre Horváth. These notes were printed re-using the designs of the earlier 100,000 pengő (P#121) notes.
 === million milpengő (10<sup>12</sup> pengő) ===
 [[Image:Hungarian currency 012.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 013.JPG|600px|thumb]]
-This example is catalog number P-128 and is 168 × 84 mm. It was released May 24, 1946, and demonetized 31 July 1946. The portrait is of Lajos Kossuth at right, engraved by Helbing Ferenc; the reverse is titled "At the Shore of Lake Balaton", engraved by Géza Mészöly. These notes were printed re-using the designs of the earlier 1 million pengo (P#122) notes.
+This example is catalog number P-128 and is 168 × 84 mm. It was released May 24, 1946, and demonetized 31 July 1946. The portrait is of Lajos Kossuth at right, engraved by Helbing Ferenc; the reverse is titled "At the Shore of Lake Balaton", engraved by Géza Mészöly. These notes were printed re-using the designs of the earlier 1 million pengő (P#122) notes.
 === ten million milpengő (10<sup>13</sup> pengő) ===
 [[Image:Hungarian currency 002.JPG|600px|thumb|from the Wildman Collection]]
 [[Image:Hungarian currency 003.JPG|600px|thumb]]
-This example is catalog number P-129 and is 180 × 84 mm. It was released 24th of May, 1946, and demonetized 30 July 1946. The portrait is of Lajos Kossuth at right, engraved by Endre Horváth, These notes were printed re-using the designs of the earlier 10 million pengő (P#123) notes.
+This example is catalog number P-129 and is 180 × 84 mm. It was released 24th of May, 1946, and demonetized 30 July 1946. The portrait is of Lajos Kossuth at right, engraved by Endre Horváth. These notes were printed re-using the designs of the earlier 10 million pengő (P#123) notes.
 === 100 million milpengő (10<sup>14</sup> pengő) ===
@@ Line 29: / Line 39: @@
 [[Image:Hungarian currency 007.JPG|600px|thumb]]
 This example is catalog number P-131 and is 174 × 84 mm. It was released June 3, 1946, and demonetized 30 July 1946. The portrait of Lucia Lendvay, an average girl from Szekesfehervar, was engraved by Endre Horváth. These notes were printed re-using the designs of the earlier 1,000 million pengo (P#125) notes. This banknote has a version with a brown adhesive stamp of “200 Milliard Pengő” affixed.
 ''[[Bibliography|Source:]]''