2019-12-20 Fri

Hungary is a landlocked country in Central Europe. Its capital, Budapest, is bisected by the Danube River. Its cityscape is studded with architectural landmarks from Buda’s medieval Castle Hill and grand neoclassical buildings along Pest’s Andrássy Avenue to the 19th-century Chain Bridge.

The pengo was the currency of Hungary between 1 January 1927 and 31 July 1946. It was replaced the korona, which in turn was replaced by the forint. The pengo was subdivided into 100 filler. Although the introduction of the pengo was part of a post-World War I stabilisation program, the currency survived for only 20 years and experienced the most serious case of hyperinflation ever recorded. The first series of pengo banknotes were printed in 1926.

Today we are looking at a 1 Billion Pengo banknote issued in 1946. The obverse has portrait of Hungarian woman to right and floral designs on the reverse.

Image Courtesy: PicClick