By the end of 1945, pengő coins completely lost their value due to rampant inflation.
Before World War II, the fillér and pengő coins were made of bronze (1 and 2 f), cupronickel (10-, 20-, and 50 f), and 640 ‰ fine silver (1-, 2-, and 5 P).
Commemorative 2 and 5 pengő coins were issued on anniversaries in large quantities (hundreds of thousands) and were released into circulation.
The coins had a Baroque style; the most important designers were János Pálinkás, Lajos Berán, and József Reményi.
[2] As a consequence of the war, the government recalled the silver pengő coins (deadline: 31 January 1942) to prevent personal hoarding.