Hungarian forint added in 2006. Banknotes that were previously in circulation are withdrawn and recycled as materials for briquettes. All banknotes are 154 × 70 mm in size. Most traded currencies (from 31 December 1990): Currencies of nearby countries (from 31 December 2010): Hungarian forint 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
European Monetary System makers at least since the Second World War. Two primary factors account for this: The European Monetary System was no longer a functional arrangement in May 1998 as the member countries fixed their mutual exchange rates when participating in the euro. Its successor however, the ERM-II, was launched on 1 January 1999. In ERM-II the ECU basket was discarded and the new single currency euro has become an anchor for the other currencies participating in the ERM-II. Participation in the ERM-II is voluntary and the fluctuation bands remain the same as in the original ERM, i.e. +15 percent, once again