Paper money of the Hungarian pengő
- Paper money of the Hungarian pengő
Hungarian pengő paper money ( _hu. pengő papírpénz) was part of the physical form of Hungary's historical currency, the Hungarian pengő. Paper money usually meant banknotes, which were issued (either in fact or in name) by the Hungarian National Bank. Later - during and after the second world war - other types of paper money appeared, including emergency money, bonds and savings certificates.
In the beginning, paper money was designed abroad Hungary, and were printed using simple methods. Later, developed techniques were used creating banknotes which reflected stability. After the war, in parallel with the value loss, the quality of banknotes decreased. Finally, not even serial numbers were printed on the notes.
Banknotes
First series (1926)
The first series of pengő banknotes were printed in 1926 with the following denominations: 5 P, 10 P, 20 P, 50 P, and 100 P. All banknotes were designed by Ferenc Helbing. Due to the poor printing technology (offset printing) counterfeits appeared in a short time. The situation was so serious that the banknotes had to be replaced with a new series in a short time. As a consequence, these belong to the most valued collector rarities among the Hungarian banknotes.
War series (1936-1941)
The first banknote of the series is the 10 pengő bill, which is dated 1936 but was not put into circulation earlier than 1939. This banknote was followed by the 5 pengő bill (dated 1939), then the 2 pengő (1940) and the 20 pengő bills (1941). A 100 pengő note was also planned, however, it was printed in a slightly different version and only used by the evacuated troops in Austria. The banknotes of the series were designed by Endre Horváth [hu icon [http://www.penzportal.hu/index.nfo?tPath=/penzvilag_anno___/penztortenet/&article_hid=11502&prk=541510701135 www.penzportal.hu] (Designers of the pengő banknotes: Endre Horváth)] )
oviet Red Army issues
In 1944, during the Soviet occupation of Hungary, the Red Army issued paper money without cover in the areas under its control. These banknotes were of poor quality, and aggravated the inflation of the pengő.
Notes
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