Depicts a half-length portrait of Saint Irene (Piroska) of Hungary, holding the founding charter of the monastery. The depiction is based on the mosaic found in the Hagia Sophia in Istanbul. To the left of the image, in three rows one below the other, are the words "SAINT," "PIROSKA," and the birth and death years "1088-1134." To the right, her name as Byzantine Empress, written in the contemporary Greek script, can be seen. Along the edge of the commemorative coin, at the top in a semicircle, is the inscription "HUNGARY," and to the left of the depiction at the bottom, the engraver's privy mark is placed.

Depicts the Pantokrator Monastery founded by Saint Irene (Piroska) in Constantinople. Along the edge, in the upper circular inscription, is the text "PANTOKRATOR MONASTERY" and in the lower circular inscription, in the center, is the denomination and the "Ft" (Forint) symbol. To the left is the "BP." mint mark, and to the right is the "2019" year of issue.

Between 1118 and 1124, Byzantine Empress Irene of Hungary built a monastery dedicated to Christ Pantokrator, featuring a church, a library, and a hospital. After her death in 1134, Emperor John II Komnenos added another church dedicated to the Theotokos Eleousa, connected by a chapel dedicated to Saint Michael, which became the imperial mausoleum for the Komnenos and Palaiologos dynasties. During the Latin occupation after the Fourth Crusade in 1204, the complex was taken over by Venetian clergy and used as an imperial palace. After the Palaiologan restoration, the monastery returned to Orthodox monks, with Gennadius II Scholarius, who later became the first Patriarch of Constantinople post-1453, being one of its notable residents.

Shortly after the Fall of Constantinople, the main church was converted into a mosque, and the monastery briefly served as a medrese named after the scholar Molla Zeyrek. Despite this, its Byzantine significance was remembered, documented by foreign visitors like French traveler Pierre Gilles in the 16th century. After the Fatih complex medreses were completed in 1471, Zeyrek was abandoned by Muslim students, and the school facilities disappeared. By the early 21st century, the structure was in disrepair and listed as an endangered monument by UNESCO. Extensive restoration has since been completed, and the mosque has reopened for prayer.