pengö

The pengő was the basic monetary unit of Hungary from 1925 to 1946. It was replaced by the forint in 1946 due to extreme inflation. Hungary experienced one of the worst cases of hyperinflation in the 20th century, with prices doubling every 15 hours at its peak. This hyperinflation was a result of the government printing excessive amounts of money to cover deficits after World War II, with little economic activity to support it. The forint was introduced at a rate of 400 quintillion pengő to 1 forint, which eventually stabilized the economy.123