Paper Money
The first paper money printed in Hungary were 1, 2, 25 and 200 korona banknotes - similar to those issuead in Vienna during the end of the war. However, the use of these banknotes was limited to Austria and Hungary, and later even Austria considered the Hungarian issues to be counterfeights. Later, as there was no national bank in Hungary, the Postal Savings Bank received the right to print bills denominated 5, 10 and 20 korona. The overstamping of the banknotes of the Austro-Hungarian Bank started only in 1920 - the last of all states emerged on the ruins of the former Monarchy. Finally, the Hungarian Royal State Note Institute was founded and granted the right to issue treasury notes.
Read more about this topic: Hungarian Korona
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