Potyli Creative Commons License 2012.02.06 0 0 8

ez kellett akkor a korona stabilizalasahoz ,majd a pengo bevezetesenek megalapozasahoz

 

Introduction of the pengő

After the First World War, according to the Treaty of Saint-Germain, the Austro-Hungarian Bank (the joint bank of the Monarchy) had to be liquidated and the Austro-Hungarian krone had to be replaced with a different currency, which in the case of Hungary was the Hungarian korona. This currency suffered a high rate of inflation during the early 1920s. A stabilisation program covered by League of Nations loan helped to bring down inflation, and the korona could be replaced in 1 January 1927 by a new currency, the pengő, which was introduced by Act XXXV of 1925[2]

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