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HUNGARY 1946 100,000,000,000,000 Pengo (100 Trillion) P-130 Milpengo banknote NEW CRISP UNC

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B130Pengo-1221
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HUNGARY 1946 100,000,000,000,000 Pengo (100 Trillion) P-130 Milpengo banknote NEW CRISP UNC

The 1946 Hungarian 100 trillion Pengo banknote stands as a stark reminder of the most extreme case of hyperinflation in history. Issued by the Magyar Nemzeti Bank on June 3, 1946, this note captures the peak of inflation before the currency reform that led to the replacement of the Pengo with the Forint. The obverse features a woman in traditional Hungarian dress, encapsulating the nation's cultural identity amidst economic turmoil. The intricate guilloche patterns and stylized motifs bordering the banknote are fine examples of the engraving artistry of the period.

This note's historical significance lies in its representation of the economic instability and challenges Hungary faced during the post-war era. As the highest denomination issued, it symbolizes the severity of hyperinflation and its impact on society and the economy.

Collector's Value: For numismatists and historians, this banknote is a highly valuable collector's item, particularly in uncirculated condition. Its historical importance and the dramatic story it tells about inflationary spirals add to its collectability and educational value.