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What was the largest pengos note Hungary made in 1946 even though it never circulated?

Question #151533. Asked by BigTriviaDawg.
Last updated Aug 04 2024.
Originally posted Aug 04 2024 8:10 PM.

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psnz star
Answer has 1 vote
psnz star
5 year member
1007 replies avatar

Answer has 1 vote.
One trillion pengo. The pengo was the Hungarian currency between 1927 and 1946. A pengo was made up of 100 fillér.

Hyperinflation after WW2 saw prices spiraling out of control.
The denominations milpengo (one million pengo) and bilpengo (short: b.-pengo, one trillion (1000000000000) P) were used to simplify calculations, cut down the number of zeros and enable the reuse of banknote designs with only the color and denomination name changed.

The hyperinflation was so out of control that at one stage it took about 15 hours for prices to double and about four days for the pengo to lose 90% of its original value.
link https://en.wikipedia.org/wiki/Hungarian_peng%C5%91

Response last updated by psnz on Aug 04 2024.
Aug 04 2024, 8:11 PM
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