In the case of Hungary, this currency was the korona, which replaced its Austro-Hungarian counterpart at par.

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.

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.

The first paper money printed in Hungary were 1, 2, 25 and 200 korona banknotes — similar to those issued in Vienna during the end of the war.

The overstamping of the banknotes of the Austro-Hungarian Bank started only in 1920 — the last of all states emerging from the ruins of the former Monarchy.