Plans since 2003 to replace the Hungarian forint with the euro
Eurozone participation
European Union member states
(special territories not shown)
20 in the eurozone
1 in ERM II, without an opt-out (Bulgaria)
1 in ERM II, with an opt-out (Denmark)
5 not in ERM II, but obliged to join the eurozone on meeting the convergence criteria (Czech Republic, Hungary, Poland, Romania, and Sweden)
Non–EU member states
4 using the euro with a monetary agreement (Andorra, Monaco, San Marino, and Vatican City)
2 using the euro unilaterally (Kosovo and Montenegro)
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While the Hungarian government has been planning since 2003 to replace the Hungarian forint with the euro, as of 2023[update], there is no target date and the forint is not part of the European Exchange Rate Mechanism (ERM II). An economic study in 2008 found that the adoption of the euro would increase foreign investment in Hungary by 30%,[1] although current governor of the Hungarian National Bank and former Minister of the National Economy György Matolcsy said they did not want to give up the country's independence regarding corporate tax matters.[2]
^"About the impact of the EMU-entry" (PDF). Science Direct. doi:10.1016/j.jimonfin.2007.12.005. S2CID 8884997. Retrieved 31 December 2009. {{cite journal}}: Cite journal requires |journal= (help)
^"Orbán: We will not join the Euro Pact.(In Hungarian.)". Hírszerző. Archived from the original on 25 March 2011. Retrieved 26 March 2011.
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