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Hungarian forint information


Hungarian forint
Magyar forint (Hungarian)
Hungarian forint banknotes
ISO 4217
CodeHUF (numeric: 348)
Subunit0.01
Unit
Pluralforintok (nominative only)
SymbolFt
Denominations
Subunit
1100fillér
(defunct)
Banknotes500 Ft, 1,000 Ft, 2,000 Ft, 5,000 Ft, 10,000 Ft, 20,000 Ft
Coins
 Freq. used5 Ft, 10 Ft, 20 Ft, 50 Ft, 100 Ft, 200 Ft
Demographics
Date of introduction1 August 1946
ReplacedHungarian adópengő
User(s)Hungary Hungary
Issuance
Central bankHungarian National Bank
 Websitewww.mnb.hu
PrinterHungarian Banknote Printing Company
 Websitewww.penzjegynyomda.hu
MintHungarian Mint Ltd.
 Websitewww.penzvero.hu
Valuation
Inflation3.8% (January 2024)
 Sourcewww.ksh.hu
 MethodCPI

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 adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible.[1] In May 2022, inflation reached 10.7% amid the war in Ukraine and economic uncertainty.[2] 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.[3]

  1. ^ BBC News Hungary lifts last currency restrictions. 18 June 2001
  2. ^ "1.1.1.2. Consumer price index by aggregate groups of consumption, and consumer price index for pensioners". www.ksh.hu. Retrieved 16 July 2022.
  3. ^ Szakacs, Gergely (18 October 2021). "Hungary's new opposition PM candidate wants stronger ties with EU". Reuters. Retrieved 16 January 2022.

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