Banknotes of Hungary

Hungary holds the world record for hyperinflation, and by no small margin. In July 1946, prices were doubling every fifteen hours. The National Bank went as far as printing a one-hundred quintillion pengő banknote, and prepared—though it was never issued—a one-sextillion one.

The pengő and the forint

The August 1946 reform replaced the pengő with the forint at a rate of 400 octillion to one. The forint is still used today, featuring portraits of kings, princes, and figures from Hungarian history: Saint Stephen, Matthias Corvinus, Ferenc Rákóczi.

What the collector is looking for

1946 pengő notes are among the most effective educational pieces in existence: they show at a glance what hyperinflation means, far better than any chart. And they remain affordable because they were printed in enormous quantities.

What you will find here

Forints and historical issues with Pick references and actual preservation status. If you are interested in the subject, Zimbabwe and Venezuela complete the trio of the most cited hyperinflations.

Shipping

Protected and tracked from Spain.

Discover more banknotes from the region in Banknotes of Europe.