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 The six notes in this set were used in Hungary immediately after the second World War in 1945 and 1946 when the country was going through a period of massive inflation. The Pick catalogue references and values of the six notes are as follows: P120, 100,000 Pengo dated 1945 P122, 1,000,000 Pengo dated 1945 P123, 10,000,000 Pengo dated 1945 P124, 100,000,000 Pengo dated 1946 P125, 1 Milliard Pengo dated 1946 (= 1,000,000,000 Pengo) P127, 100,000 Milpengo dated 1946 (= 100,000,000,000 Pengo) The notes have been in circulation but are in good collectable condition, averaging VF ( Very Fine ) Reference: HUNGARY 001 Price: £4.80 per set. 
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