Hungarian adópengő

Hungarian adópengő
adópengő (Hungarian)
100 million adópengő (tax bill)10 000 adópengő (savings certificate)
Denominations
Symbol AP
Banknotes 10 000, 100 000, 1 million, 10 million, 100 million adópengő
Demographics
User(s) Hungary Kingdom of Hungary
Hungary Republic of Hungary
Issuance
Central bank Hungarian State Treasury
Hungarian Postal Savings Bank
Hungarian National Bank
 Website www.mnb.hu
Printer Hungarian Banknote Printing Corp.
 Website www.penzjegynyomda.hu
Valuation
Inflation 3,572·106%
 Source [1]
This infobox shows the latest status before this currency was rendered obsolete.

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.

Statistics

Index of adópengő (Number of pengő to 1 adópengő)
DateIndex number[2]
1 January 19461
1 February 19461.7
1 March 194610
1 April 194644
1 May 1946630
1 June 1946160,000
1 July 19467,500,000,000
(7.5×109)
31 July 19462,000,000,000,000,000,000,000
(2×1021, 2 sextillion, or 2,000 million million million)

See also

  1. ↑ History of the Hungarian hyperinflation
  2. ↑ Pénzportál – Garami Erika: A hiperinfláció számokban
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


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