Hungarian forint of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, but that does not appear to be likely until some time during the 2020s. The forint's name comes from the city of Florence, where gold coins called "fiorino d'oro" were minted from 1252. In Hungary, "florentinus" (later "forint"), also a gold-based currency, was used from 1325 under Charles Robert and several other countries followed its example. Between 1868 and 1892 the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire, known in German as the
Hungarian forint Hungarian abbreviation for forint is "Ft", which is written after the number with a space between. The name fillér, the subdivision of all Hungarian currencies since 1925, comes from the German word "Heller". The abbreviation for the fillér was "f", also written after the number with a space in between. In 1946, a USD was worth 11.7 forints. After its 1946 introduction, the forint remained stable for the following two decades, but started to lose its purchasing power as the state-socialist economic system (Planned economy) lost its competitiveness during the 1970s and 1980s. After the democratic change of 1989–90, the