Hungary 1 Milliard Penga 1 Milliard Milpengo Banknote 1946 .. See Photos

Description

1946 Hungarian Notes
1 Milliard EGYMILLIARD MILPENGO
1 MILLIARD EGYMILLIARD PENGO
(A Milliard is one billion Pengo and you have to read about the hyperinflation in 1946
in
Hungary at the end of this description.)
Issued in Budapest 1946
The price is for both bills!
I made 4 visits to Hungary beginning in the early 1980's. I was in Vienna, Austria the year before my first visit and wanted to take a train to Budapest. The Visa had a 7 day wait so could not go. The next year I planned a trip with help from a Hungarian travel company and made it to communist Budapest. A little strange but wonderful people. Stores were empty but a group came in from the countryside and entertained us with folk music.
Money was scarce and against the wishes of our tour guide I traded dollars for all sorts of
things, watches, World War One Photo Postcards and some old currency.
After the wall came down I returned as the Russians were leaving and thing were opening up.
On two more visits the country had come to life with visits to Lake Balatin and
time with the wonderful Hungarian horses.
I am not sure of the value so hope it is priced so you can
add this Hungarian money to your collection.
Please note:
Currency is circulated so please review photos for condition.
Enjoy and stay safe
Henry
henrysfriendlystore
PS: I wondered what the Pengo was and was told by locals that it was their currency from World War One until 1946. During that time they had hyper
inflation and the cost of a chicken one day was the cost of an egg the next day. Extreme hardship on all people particularly farmers and the people learned to hide any money in foreign currency making the problem worse. On Wikipedia they report:
The
pengő
(
Hungarian:
[ˈpɛŋɡøː]
; sometimes written as
pengo
or
pengoe
in English) was the
currency
of
Hungary
between 1 January 1927, when it replaced the
korona
, and 31 July 1946, when it was replaced by the
forint
. The pengő was subdivided into 100
fillér
. Although the introduction of the pengő was part of a post-
World War I
stabilisation program, the currency survived for only 20 years and experienced the most serious case of
hyperinflation
ever recorded.