Tag Archives: Hungary

In Hungary in the 1940’s, while…

In Hungary in the 1940’s, while the country was experiencing the worst hyperinflation in recorded history, they issued a bank note with a denomination of 100 quintillion Hungarian pengős, which was worth approximately US $0.20. Source

From 1945 to July 1946, Hungary had the highest…

From 1945 to July 1946, Hungary had the highest inflation ever recorded. The highest banknote value went from 1,000 Pengő in 1944 to 100,000,000,000,000,000,000 Pengő in mid-1946. At this time, the total value of all Hungarian banknotes in circulation combined amounted to $0.00001 USD The post From 1945 to July 1946, Hungary had the highest…… Read More »