Hungarian pengő
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The pengő was the currency of Hungary between 1 January 1927, when it replaced the korona, and 31 July 1946, when it was replaced by the forint. The pengő was subdivided into 100 fillér. Although the
100 million trillion (100 quintillion) pengő (1946)
2 pengő, 1936
10 P, 1929
10 million mil.-P, 1946
Hyperinflation
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In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to min
Hungarian pengő
…the pengő was part of a post-World War I stabilisation program, the currency survived for only 20 years and was rendered worthless by the most extreme hyperinflation ever recorded. The Hungarian participle pengő means 'ringing' (which in turn derives from the verb peng, an onomatopoeic word equivalent to English…
The price of gold in Germany, 1 January 1918 – 30 November 1923. (The vertical scale is logarithmic.)
Germany, 1923: banknotes had lost so much value that they were used as wallpaper.