Hungarian adópengő

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Hungarian adópengő
adópengő (Hungarian)
HAP 100M obverse.jpg HAP NKPJ 10000 obverse.jpg
100 million adópengő (tax bill) 10 000 adópengő (savings certificate)
Central bank Hungarian State Treasury
Hungarian Postal Savings Bank
Hungarian National Bank
 Website www.mnb.hu
User(s) Hungary Kingdom of Hungary
Hungary Republic of Hungary
Inflation 3,572·106%
 Source [1]
Symbol AP
Banknotes 10 000, 100 000, 1 million, 10 million, 100 million adópengő
Printer Hungarian Banknote Printing Corp.
 Website www.penzjegynyomda.hu
This infobox shows the latest status before this currency was rendered obsolete.

The adópengő (in English: tax pengő) was a unit of currency of Hungary between 1 January 1946 when it was introduced as part of a stabilisation attempt of the pengő and 31 July 1946 when both were replaced by the forint. In the beginning the adópengő was only an accounting unit used by the government and commercial banks, later bonds and saving certificates denominated in adópengő were also issued for the public which replaced pengő notes in circulation.

Statistics[edit]

Index of adópengő (1 adópengő = x pengő)
Date Index number[2]
1 January 1946 1
1 February 1946 1,7
1 March 1946 10
1 April 1946 44
1 May 1946 630
1 June 1946 160 000
1 July 1946 7 500 000 000
(7,5×109)
31 July 1946 2 000 000 000 000 000 000 000
(2×1021)

See also[edit]

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: inflation
Ratio: 1 forint = 2×108 adópengő