Hungarian Forint

Hungarian Forint

{{Infobox currency | currency_name_in_local = Magyar forint | image_1 = Forints.jpg | image_title_1 = Coins and Banknotes | iso_code = HUF | issuing_authority = [[Magyar w | issuing_authority_website = www.mnb.hu | date_of_introduction = 1 August 1946 | date_of_introduction_source = 8.700/1946 (VII.29) Decree of the Prime Minister | using_countries = Hungary | inflation_rate = 4,2% | subunit_ratio_1 = 1/100 | subunit_name_1 = fillér | subunit_inline_note_1 = (defunct) | symbol = Ft | plural = not used (would be forintok) | used_coins = 5, 10, 20, 50, 100, 200 forint | coin_article = Coins of the Hungarian forint | used_banknotes = 500, 1000, 2000, 5000, 10,000, 20,000 forint | banknote_article = Banknotes of the Hungarian forint | printer = Pénzjegynyomda Zrt. Budapest | printer_website = www.penzjegynyomda.hu | mint = Hungarian Mint Ltd. | mint_website = www.penzvero.hu }}

The forint (sign: Ft; code: HUF) is the currency of Hungary. It is divided into 100 fillér, although fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step of the post-WWII stabilization of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to market economy in the early 1990s deteriorated the value of the forint, inflation peaked at 35% in 1991. Since 2001, inflation is single digit and the forint was declared fully convertible. As a member of the European Union, the long term aim of the Hungarian government is to replace the forint with the euro.