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Magyar’s End, Pre-Soviet Hungry: 100 Pengo (Kingdom of Hungry, 1945)-Founder's Article

Updated: Nov 12, 2021

This World War II-era note represents the 2nd denomination of the Pengo Series 1945. It symbolically represents the end of Magyar Királyság, commonly known as the Kingdom of Hungary (1920–1946). Then under control of Regent Miklós Horthy (1868-1957), leader of the fascist Vitézi Rend (Order of Vitéz).

This particular note was printed 5 April 1945, a mere 3 days before V-E Day (Victory Europe) on 8 May 1945. By 1946, the Hungarian monarchy was abolished and Pengo abolished, due to the highest rate of hyperinflation ever recorded. The monarchy was succeeded by the short-lived Second Hungarian Republic (1946-1949). Which was overtaken by the Soviet-backed Hungarian People's Republic (1949–1989).

The observe features twin framed portraits, the right portrait features King Matthias Corvinus (1458-1490) by renowned Italian painter Giovanni Antonio Boltraffio (1467-1516). The left portrait features the Coat of Arms of the Kingdom of Hungary. The note's value is featured on all four corners.



Budapest 1945 April 5
Hungarian National Bank


The reverse features a scenic portrait of the Budavári Palota (Buda Castle), on the Danube River. The portrait is flanked elaborate regal artwork, Coat of Arms of the Kingdom of Hungary is displayed on the left. The reverse is multilingual the note's “Hundred Pengo” value is featured in 6 languages. The upper center features Hungarian and German. The lower center lists the value in Slovak, Serbo-Croatian, Rusyn, and Romanian. Additionally there are 3 instances of “100”s, displayed on the lower center and upper left/right corners.

Additional Note

  • This note's dimensions are 182 × 98 mm (7.17 x 3.86 in), making it fairly substantial in size.

  • It's advisable to use large bill protectors, when preserving this note.

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