1000000 milpengő
Hungary · 1946
Issued by the Magyar Nemzeti Bank in Budapest and dated 24 May 1946. The front shows a portrait of a bearded young man in nineteenth-century dress. The back shows a landscape of large trees beside water with figures and cattle, with the Hungarian coat of arms at the side. One milpengő was a million pengő, so this note stood for a trillion pengő, during the worst hyperinflation on record, ended by the forint in August 1946.
What it boughtBy the end of May 1946 a US dollar officially cost 42 quadrillion pengő, so 42,000 of these trillion-pengő notes made one dollar.
- Ref
- 785
- Country
- Hungary
- Issuer
- Hungary
- Denomination
- 1000000 milpengő
- Catalogue number
- Pick 128
- Date
- 1946 (printed on the note)
- Estimated value
- £1.42 to £4.72 · price guide: Numista
- Grade
- VF (estimated from photos)
- Copies in the collection
- 1