Hungarian forint

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Hungarian forint
Magyar forint (Hungarian)
The banknotes of the Hungarian forint
The banknotes of the Hungarian forint
ISO 4217 Code HUF
User(s) Hungary Hungary
Inflation 7.9% (January 2022)
1100 fillér
Symbol Ft
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. [1] 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.[2]

References[change | change source]

  1. BBC News Hungary lifts last currency restrictions. 18 June 2001
  2. Szakacs, Gergely (2021-10-18). "Hungary's new opposition PM candidate wants stronger ties with EU". Reuters. Retrieved 2022-01-16.