|Magyar forint (Hungarian)|
|ISO 4217 Code||HUF|
|Inflation||7.9% (January 2022)|
|Plural||forintok (nominative only)|
|Freq. used||5 Ft, 10 Ft, 20 Ft, 50 Ft, 100 Ft, 200 Ft|
|Banknotes||500 Ft, 1000 Ft, 2000 Ft, 5000 Ft, 10,000 Ft, 20,000 Ft|
|Central bank||Hungarian National Bank|
|Printer||Pénzjegynyomda Zrt. Budapest|
|Mint||Hungarian Mint Ltd.|
The forint (sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilisation of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s made the forint less valuable; inflation peaked at 35% in 1991.  As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the current government there is no target date for adopting the euro.
References[change | change source]
- BBC News Hungary lifts last currency restrictions. 18 June 2001
- Szakacs, Gergely (2021-10-18). "Hungary's new opposition PM candidate wants stronger ties with EU". Reuters. Retrieved 2022-01-16.