HUNGARY: Pengoes, Garas

Hungarians popped into their purses last week crisp new banknotes denominated in pengoes and garas.

"How much is a pengoe?" piped many a tot.

Harassed Hungarian mothers explained: "One hundred garas make a pengoe. Now see! Here are 1250 korona. . . . They also make one pengoe or one hundred garas. . . .

From now on we shall buy things with pengoes instead of korona."

Five Trillions. Whirring, chomping post-War money presses inflated the Hungarian banknote circulation to a stupendous total: five trillion korona. Peasants with a comfortable pre-War nest egg of...

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