Basic Country Data:

• Country ISO Code: HU

• Official Language: Hungarian

• Language ISO Code: hu

• Current Official Currency: Hungarian forint

• Current Currency ISO Code: HUF

Hungarian Forint (HUF) — Current Official Currency

• ISO Code: HUF

• Singular Name: forint

• Plural Name: forint

• Monetary Subdivision: 1 forint = 100 fillér (fillér withdrawn from circulation in 1999)

• Subdivision Name Singular: fillér

• Subdivision Name Plural: fillér

• Initial Production Date: 1946

• Final Production Date: ongoing

• Initial Circulation Date: August 1, 1946

• Final Circulation Date: currently in circulation

• Mint: Magyar Pénzverő Zrt. (Hungarian Mint)

• Issuing Bank: Magyar Nemzeti Bank (Hungarian National Bank)

• Coin Denominations: 5, 10, 20, 50, 100, 200 forint

• Banknote Denominations: 500, 1000, 2000, 5000, 10000, 20000 forint

• Designs / Symbols:

  • Coins feature the Hungarian national coat of arms and cultural and historical elements.

  • Banknotes depict important Hungarian historical figures, including writers, political and cultural leaders.

• Economic Historical Context:

  • The forint was introduced in 1946 to replace the pengő after severe post-war hyperinflation.

  • The fillér, the subdivision of the forint, was withdrawn from circulation in 1999 due to devaluation.

  • Since 2001, the forint has been internationally convertible and has floated freely on the foreign exchange market since 2008.

  • Hungary joined the European Union in 2004 but has not yet adopted the euro, awaiting fulfillment of economic criteria.

• Mint Locations: Coins are produced by Magyar Pénzverő Zrt.

• Mintages / Commemoratives:

  • The Hungarian National Bank issues commemorative coins and banknotes with historical and cultural themes.

• Curiosities / Commemorative Coins:

  • The name “forint” originates from the “Florentine florin,” a gold coin minted in Florence since 1252, which influenced Hungary in the 14th century.

• Current Circulation Status: active and widely used throughout the country.

• Issuing Authority: Hungarian National Bank.

• Relevant Legislation: Hungarian national laws and regulations of the Hungarian National Bank.

• Signatories on Banknotes: signatures of the Governor of the Hungarian National Bank and the Minister of Finance (vary by issuance).

• Persons Honored on Coins and Banknotes: Hungarian historical figures, writers, political and cultural leaders.

This report provides a complete financial history of Hungary, highlighting the forint as the official currency since 1946, its features, historical context, cultural symbols, and current status.