Anteroom to the Forint: Monetary Law Aspects of the Temporary Period of Issuing Money in Hungary under the Supervision of the Temporary National Government (1944–1945)
MTMT : 33561636
Date : 2022
Journal title : Pravnehistoricke Studie
Journal volume : 52
Journal issue number : 3
Pages : 165-176
Document type : folyóiratcikk
Subject : Second World War, Red Army, Hungarian currencies, pengő, monetary law, Arrow Cross Party, issuance of money, legal currencies, Társadalomtudományok, Közgazdaságtudományok
Abstract :
This study presents the destruction of the Hungarian currency caused by the Second World War. The devastation caused by Nazi collaboration and the Soviet Red Army had an impact on the Hungarian pengő. The occupying Soviets tried to take advantage of all this and interfered with the circulation of money to increase their own political influ[1]ence. They printed their own banknotes, which were later used to pay by the Hungarian National Bank. The Provisional Government tried to stop inflation after the war and then tried to resist Soviet pressure and to restore cash flow in Hungary, as well.