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100 milion b.‑pengő

1946 note

General information

Flag of Hungary (1946-1949, 1956-1957) Republic of Hungary


100,000,000,000,000,000,000 pengő








159 mm


79 mm




Hungarian woman


Hungarian Parliament Building

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The 100 million b.‑pengő banknote is a note that was printed by the Republic of Hungary in 1946, during a period of massive hyperinflation. Produced in Budapest by the Hungarian Banknote Printing Corporation under the authority of the Hungarian National Bank (MNB) on June 3, the note was first issued to the public on July 11 and then withdrawn twenty days later, on July 31, due to the introduction of a new forint currency. With a face value of 100 quintillion (1020) pengő, the banknote is the highest denominated piece of currency that has ever been circulated, although an unissued 1 milliard b.-pengő (1021) note holds the record for the largest face value of any piece of currency produced. Since the 100 million b.‑pengő banknote has been demonetized, it no longer carries the status of legal tender, and cannot be used in transactions.

The note is predominantly blue in color and printed over white paper. It is horizontally-oriented, having a width of 159 millimeters and a height of 79 millimeters.

Displayed at the center right of the note's obverse, inside of a decorative oval-shaped border, is a left-facing illustration of a Hungarian woman with a scarf on her head and two ears of wheat. The value of the note is printed on two lines in a large stylistic font to the left as "SZÁZMILLIÓ B.-PENGŐ", which is an abbreviated form of the Hungarian százmillió billió pengő ("one million billion pengő")[N 1]. Written below in a smaller, more general font is "Budapest, 1946. ÉVI JÚNIUS HÓ 3-ÁN", which essentially signifies production at Budapest on June 3, 1946. Underneath that in larger, bolder text is "MAGYAR NEMZETI BANK", the name of the Hungarian National Bank in the Hungarian language. Superimposed by all of the aforementioned text is a large "B" in white, which represents the value of being in the billió pengő series. Below the bank title are, in the order listed, the signatures of Sándor Propper (1877–1956), the Principal Councilor of the MNB's Monetary Council; Imre Oltványi (1893–1963), the Governor of the MNB; and Lajos Faragó, the chief executive officer. These signatures are respectively captioned below as "FŐTANÁCSOS" ("Principal Councilor"), "ELNÖK" ("Governor"), and "VEZÉRIGAZGATÓ" ("Chief Executive Officer"). A decorative border around the edges of the note surrounds all of the aforementioned elements. At the left the word "SZÁZMILLIÓ" is printed vertically in a downward direction inside of a blue rectangular boundary, while at the right it is written again but traveling upward. The word is printed four times along the uppermost border, separated each time by a round rosette. Inside of a boundary with rounded ends in the bottom border is the counterfeiting notice "A BANKJEGYHAMISÍTÁST A TÖRVÉNY BÜNTETI.", which translates to English as "banknote forgery is punishable by law". Also, above the bottom border and underneath the signature of Governor Oltványi is the coat of arms of Hungary – which at the time consisted of an escutcheon with eight stripes on the left half and a double cross on hills with a crown at its base on the right half. In the upper left and right corners of the note the letter "B" is written diagonally in an oval-shaped boundary decorated ornately on the outside, with the letter slanting upward at the note's left corner and downward at the right corner. A flower is present inside of a decorative circular border at the bottom corners of the note.

Featured in the middle of the note's reverse is an illustration of the Hungarian Parliament Building, the seat of the National Assembly, on the Danube. Above and below this depiction, inside of a blue rectangular border, the value "SZÁZMILLIÓ B.-PENGŐ" is printed twice in white, each value separated by a central rosette. Inside of the borders to the sides of the illustration are flower-like symbols, and in the corners of the note, above and below the symbols, the letter "B" is printed in white inside of a rectangular border of its own.

Because a substantial amount of these notes was printed, examples are common and generally demand relatively low prices in all grades.


  1. In Hungary, long scale is used, so one billion equals a million millions, or one trillion in short scale.


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Hungarian pengő
Banknotes 50 f1 P2 P5 P10 P20 P50 P100 P500 P1000 P10,000 P100,000 P1,000,000 P10,000,000 P100,000,000 P1,000,000,000 P10,000,000,000 P100,000,000,000 P1,000,000,000,000 P10,000,000,000,000 P100,000,000,000,000 P1,000,000,000,000,000 P10,000,000,000,000,000 P100,000,000,000,000,000 P1,000,000,000,000,000,000 P10,000,000,000,000,000,000 P100,000,000,000,000,000,000 P1,000,000,000,000,000,000,000 P
Coins Official: 1 f2 f10 f20 f50 f1 P2 P5 P10 P20 P
Fantasy: 40 P100 P
Miscellaneous AdópengőFillérHungarian Banknote Printing CorporationHungarian Mint Ltd.Hungarian National BankHyperinflation in HungaryPengőRed ArmyRestrike