Hungarian forint

Hungarian forint

Magyar forint (Hungarian)
Hungarian forint banknotes
ISO 4217
Code	HUF (numeric: 348)
Subunit	0.01
Unit
Plural	forintok (nominative only)
Symbol	Ft‎
Denominations
Subunit
1⁄100	fillér (defunct)
Banknotes	500 Ft, 1,000 Ft, 2,000 Ft, 5,000 Ft, 10,000 Ft, 20,000 Ft
Coins
Freq. used	5 Ft, 10 Ft, 20 Ft, 50 Ft, 100 Ft, 200 Ft
Demographics
Date of introduction	1 August 1946
Replaced	Hungarian adópengő
User(s)	Hungary
Issuance
Central bank	Hungarian National Bank
Website	www.mnb.hu
Printer	Hungarian Banknote Printing Company
Website	www.penzjegynyomda.hu
Mint	Hungarian Mint Ltd.
Website	www.penzvero.hu
Valuation
Inflation	3.8% (January 2024)
Source	www.ksh.hu
Method	CPI

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]