pengo peng goh n formerly the basic unit of money in Hungary until it was replaced by the forint in 1946 n a Dravidian language spoken in south central India Usage(s) The pengo was quoted at 500. When Budapesters first saw the bright, handsome new forints (introduced last August just as the pengo was inflated to 500,000,000,000,000,000 times its original value), they . Before World War II, a pengo had been worth 200. Synonym(s) Pengo