Currency
The currency of Hungary is the Hungarian forint (HUF, Ft) since 1 August 1946. A forint consists of 100 fillérs, however, these have not been in circulation since 1999, they are only used in accounting.
There are six coins (5, 10, 20, 50, 100, 200) and six banknotes (500, 1000, 2000, 5000, 10000 and 20000). The 1 and 2 forint coins were withdrawn in 2008, yet prices remained the same as stores follow the official rounding scheme for the final price. The 200 forint note was withdrawn on 16 November 2009.
As a member of the European Union, the long term aim of the Hungarian government is to replace the forint with the euro. See also: Fiscal policy.
You can check current exchange rates with graphs of past rates at Google Finance.
Read more about this topic: Economy Of Hungary
Famous quotes containing the word currency:
“One of the reforms to be carried out during the incoming administration is a change in our monetary and banking laws, so as to secure greater elasticity in the forms of currency available for trade and to prevent the limitations of law from operating to increase the embarrassment of a financial panic.”
—William Howard Taft (1857–1930)
“It is the international system of currency which determines the totality of life on this planet. That is the natural order of things today. That is the atomic, and sub-atomic, and galactic
structure of things today. And you have meddled with the primal forces of nature! And you will atone! Am I getting through to you, Mr. Beale?”
—Paddy Chayefsky (1923–1981)
“There is no legislation—I care not what it is—tariff, railroads, corporations, or of a general political character, that all equals in importance the putting of our banking and currency system on the sound basis proposed in the National Monetary Commission plan.”
—William Howard Taft (1857–1930)