The paper money of the Hungarian korona was part of the circulating currency in the post-World War I Kingdom of Hungary until the introduction of the pengő in 1927.
During the First World War, the chief secretary of the Vienna headquarters intentionally suspended the delivery of banknotes to Hungary.
After the World War, the Hungarian Károlyi government requested the Austro-Hungarian Bank to deliver printing plates and banknote paper to Hungary, since it would have been too dangerous to deliver printed banknotes due to the political uncertainty.
The prewar high denomination banknotes of the Austro-Hungarian Bank were deposited at par to prevent inflation.
Hungary was the last country among the successor states of the Monarchy to execute overstamping of the common money.