Obverse

Allegorical woman at right.

Script: Latin

Lettering:
TÍZEZER
MILPENGŐ
MAGYAR NEMZETI BANK

Translation:
Ten thousand million Pengoes
Hungarian National Bank

Engraver: Franke Rupert

Designer: Helbing Ferenc

Reverse

Imitation of Hungarian folk design frame.

Script: Latin

Lettering:
TÍZEZER MILPENGŐ
10000

Translation: Ten thousand million Pengoes

Comments

The denomination milpengő meant one million pengoes. Thus, this denomination was for 10^10 pengoes.
These notes were printed re-using the designs of the earlier 10,000 pengo (P#119) notes.