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Highest monthly inflation rates in history as of August 2012 [120] [121] Country Currency name Month Rate (%) Equivalent daily inflation rate (%) Time required for prices to double Highest denomination Hungary: Hungarian pengő: July 1946 4.19 × 10 16: 207.19 14.82 hours 100 quintillion P (10 20) Zimbabwe: Zimbabwe dollar: November 2008 7.96 ...
The Hungarian Interwar Economy was the economy of Hungary in the period between the end of the First World War and the start of the Second World War. It was dominated by the effects of the Treaty of Trianon and the Great Depression. The economy suffered from inflation and reperation payments stipulated by the Treaty of
(in Hungarian and English) www.numismatics.hu (Roman and Hungarian related numismatic site) (in Hungarian) papirpenz.hu (pictures of korona, pengő and forint banknotes) (in Hungarian, English, German, and French) www.eremgyujtok.hu (homepage of the Hungarian Coin Collectors' Society) (in Hungarian) article on the history of the pengő
History has many examples of ruinous hyperinflation. The most infamous might be that of Weimar Germany, whose hyperinflationary episode is often blamed for the rise of the National Socialists. The
Beginning with the 1000 pengő note, only denominations of integer powers of ten were used. The uncontrolled issue of banknotes aggravated inflation. In December 1945, the government tried (and failed) to bring inflation under control by a one-off capital levy. This meant that the 1,000, 10,000 and 100,000 pengő banknotes had to be overstamped ...
The economy of Hungary is a developing, [1] high-income mixed economy that is the 53rd-largest economy in the world (out of 188 countries measured by IMF) with $265.037 billion annual output, [27] and ranks 41st in the world in terms of GDP per capita measured by purchasing power parity.
Adópengő (tax-pengő) was introduced on 1 January 1946. The aim was to create a numerical basis for budget calculations, which was independent from the daily changes. The index was created daily by the Institute for Economic Research (then: Magyar Gazdaságkutató Intézet, now: GKI Gazdaságkutató Zrt.
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: 3.572·10 9 % Source [1] This infobox shows the latest status before this currency ...