Hungarian adópengő

Hungarian adópengő

adópengő (Hungarian)
100 million adópengő (tax bill) 10 000 adópengő (savings certificate)
Unit
Symbol	AP‎
Denominations
Banknotes	10 000, 100 000, 1 million, 10 million, 100 million adópengő
Demographics
User(s)	Kingdom of 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

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)

Date	Index number
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, 2 sextillion, or 2,000 million million million)

See also

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