Hungarian korona

Hungarian korona
magyar korona (Hungarian) coroană (Romanian) Ungarische Krone (German) koruna (Slovak) круна (Serbian) коруна (Rusyn)
1000 korona (obverse) 5 korona trial strike (reverse)
Denominations
Subunit
1/100	fillér
Symbol	K, kr
Banknotes	20, 50 fillér, 1, 2, 10, 20, 25, 50, 100, 200, 500, 1000, 5000, 10 000, 25 000, 50 000, 100 000, 500 000, 1 000 000 korona
Coins	10, 20 fillér
Demographics
User(s)	People's Republic of Hungary Soviet Republic of Hungary Kingdom of Hungary
Issuance
Central bank	Hungarian Royal State Note Issuing Institute
Printer	Orell Füssli (Zürich) Hungarian Banknote Printing Corp. (Budapest)
Mint	Hungarian Mint Ltd.
This infobox shows the latest status before this currency was rendered obsolete.

The Hungarian korona (Hungarian: magyar korona; korona in English is "crown") was the replacement currency of the Austro-Hungarian Krone/korona amongst the boundaries of the newly created post-World War I Hungary. It suffered a serious inflation and was replaced by the pengő on 1 January 1927.

According to the Treaty of Trianon and other treaties regulating the situation of countries emerging from the ruins of the dissolved Austro-Hungarian Empire, the former banknotes had to be overstamped by the new states and - after a given transition-period - replaced by a new currency. In the case of Hungary, this currency was the korona, which replaced its Austro-Hungarian counterpart at par. Hungary was the last country to fulfil the replacement obligation of the treaties and the stamps used for overstamping were very easy to copy, so a large portion of the common currency circulated in Hungary. This was a factor contributing to the process which finally led to a serious inflation. Finally, in 1925, the korona was replaced by the pengő at a rate of 12,500 korona = 1 pengő.

Körmöcbánya (today: Kremnica, Slovakia), the site of the only mint of Hungary (since the Gyulafehérvár mint in Transylvania (today: Alba Iulia, Romania) was closed in 1871) was awarded to the newly created Czechoslovakia according to the Treaty of Trianon. Thus, the mint machinery was moved to Budapest and set up at different places until the Hungarian State Mint was created.

Only 10 and 20 fillér coins were minted as part of the korona system: first in 1919 under the Soviet Republic with the original Körmöcbánya coin dies (1916 and 1918 restrikes); then in 1920 and 1921 with the correct years of minting but still using the same design and the K.B. Körmöcbánya mintmark.