One of the mysteries of the English language finally explained.
The basic monetary unit of Hungary from 1927 until 1946, when it was replaced by the forint.
- ‘The worst example in modern times was in Hungary where, by 1946 you'd have needed 130 million trillion ‘pengös’ to match the spending power of just one pengo 15 years earlier.’
- ‘Thus a childless couple would pay 350 pengös of income tax for every 100 pengös paid by a husband and wife of the same income with five children.’
- ‘Budapest offered to pay instead a certain amount of pengös.’
- ‘The number of flats with rents below 300 pengös was still around 30 percent of the total.’
Hungarian, literally ‘ringing’.
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