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)
HAP 100M obverse.jpg HAP NKPJ 10000 obverse.jpg
100 million adópengő (tax bill)10 000 adópengő (savings certificate)
Denominations
SymbolAP
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.

StatisticsEdit

Index of adópengő (Number of pengő to 1 adópengő)
Date Index number[2]
1 January 1946 1
1 February 1946 1.7
1 March 1946 10
1 April 1946 44
1 May 1946 630
1 June 1946 160,000
1 July 1946 7,500,000,000
(7.5×109)
31 July 1946 2,000,000,000,000,000,000,000
(2×1021, 2 sextillion, or 2,000 million million million)

ReferencesEdit

  1. ^ History of the Hungarian hyperinflation
  2. ^ "Pénzportál – Garami Erika: A hiperinfláció számokban". Archived from the original on 2011-07-21. Retrieved 2010-12-31.
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