Some of the highest denominations from the Hungarian hyperinflation in 1945-46.


The world's worst inflation happened in Hungary between the end of 1945 and July 1946. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 pengo. It is the most severe known incident of inflation recorded, peaking at +16 percent per month - meaning that the prices doubled every 15 hours. When the forint was introduced, on 18 August, 1946, 400,000,000,000,000,000,000,000,000,000 or 4E+29 pengo became 1 forint.


Size: 5100px × 3400px
Location: Halifax, Nova Scotia, Canada
Photo credit: © Laszlo Podor / Alamy / Afripics
License: Royalty Free
Model Released: No

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