Hungary 1946 10,000 Milpengő – Magyar Nemzeti Bank – Hyperinflation Era Banknote – Budapest 29 April 1946 – VF

Hungary 1946 10,000 Milpengő – Magyar Nemzeti Bank – Hyperinflation Era Banknote – Budapest 29 April 1946 – VF
CA$35.00

Issued in Budapest on 29 April 1946 by the Magyar Nemzeti Bank, this 10,000 Milpengő banknote represents one of the final stages of Hungary’s historic hyperinflation crisis.

Hungary’s 1945–1946 inflation remains the most severe hyperinflation ever recorded, surpassing even Weimar Germany. Currency denominations escalated rapidly into the millions, billions, and beyond — with the Milpengő (million pengő) and later B.-pengő issues introduced to keep pace with runaway inflation.

Historical Significance:

  • Issued just months before the complete collapse of the pengő

  • Precedes the August 1946 introduction of the forint

  • Represents the highest inflation environment in economic history

  • Part of the world’s most dramatic monetary reset

Design Features:

  • Ornate black engraving

  • Female portrait at right

  • Hungarian coat of arms

  • Date: 1946. évi április hó 29-én

  • Denomination: 10,000 Milpengő

This note is highly desirable among:

  • Hyperinflation collectors

  • Weimar & interwar monetary history specialists

  • Economic history enthusiasts

  • Educational currency displays