Hungarian adópengő

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.

Hungarian adópengő
adópengő (Hungarian)
100 million adópengő (tax bill)10 000 adópengő (savings certificate)
Banknotes10 000,50 000,100 000, 500 000, 1 million, 10 million, 100 million adópengő
User(s) Kingdom of Hungary
Republic of Hungary
Central bankHungarian State Treasury
Hungarian Postal Savings Bank
Hungarian National Bank
PrinterHungarian Banknote Printing Corp.
This infobox shows the latest status before this currency was rendered obsolete.


Index of adópengő (Number of pengő to 1 adópengő)
DateIndex number[2]
1 January 19461
1 February 19461.7
1 March 194610
1 April 194644
1 May 1946630
1 June 1946160,000
1 July 19467,500,000,000
31 July 19462,000,000,000,000,000,000,000
(2×1021, 2 sextillion, or 2,000 million million million)


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