Hungarian adópengő

The adópengő (in English: "tax pengő") was a temporary unit of currency of Hungary between 1 January 1946, when it was introduced to try to stabilise the pengő, and 31 July 1946, when both were replaced by the forint. Initially, the adópengő was only an accounting unit used by the government and commercial banks; later, bonds and savings certificates denominated in adópengő were also issued for the public and replaced pengő notes in circulation.

Hungarian adópengő
adópengő (Hungarian)
100 million adópengő (tax bill)10 000 adópengő (savings certificate)
Unit
SymbolAP
Denominations
Banknotes10,000, 50,000, 100,000, 500,000, 1 million, 10 million, 100 million adópengő
Demographics
User(s)Hungary Kingdom of Hungary
Hungary Republic of Hungary
Issuance
Central bankHungarian State Treasury
Hungarian Postal Savings Bank
Hungarian National Bank
Websitewww.mnb.hu
PrinterHungarian Banknote Printing Corp.
Websitewww.penzjegynyomda.hu
Valuation
Inflation3,572·106%
Source[1]
This infobox shows the latest status before this currency was rendered obsolete.

Statistics

Adópengő index, 1946 (pengős per adópengő)[2]
Date Index number
1 January1
1 February1.7
1 March10
1 April44
1 May630
1 June160,000
1 July7,500,000,000
(7.5×109)
31 July2,000,000,000,000,000,000,000
(2×1021, 2 sextillion, or 2,000 billion billion)

References

  1. History of the Hungarian hyperinflation
  2. Garami, Erika (1 November 2006). "Hyperinflation in numbers". Pénzportál (in Hungarian). Archived from the original on 21 July 2011. Retrieved 19 October 2022.{{cite web}}: CS1 maint: unfit URL (link)
Adópengő
Preceded by:
Hungarian pengő
Reason: to create a numerical basis for budget calculations
Ratio: at par
Currency of Hungary
1 January 1946 31 July 1946
Concurrent with: pengő
Circulates in Hungary
1 August 1946 30 September 1946
Concurrent with: forint
Succeeded by:
Hungarian forint
Reason: Hyperinflation
Ratio: 1 forint = 2×108 adópengő
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.