Coins of the Hungarian forint a highly profitable venture that lasted until the machines were reprogrammed. The 50 Forint coin is confused with the UK 50 pence coin by some vending machines in the UK. According to Hungary's new constitution, effective as of 1 January 2012, the country's official name changes from "Magyar Köztársaság" (Republic of Hungary) to "Magyarország" (Hungary). Although Hungary is still a republic, this does not appear anymore on its coinage: from 2012 Hungarian legal tender will bear the country's new official name, "Magyarország". Previously struck coins will remain legal tender. 5, 10 and 20 Forint coins are expected to appear in
Hungarian forint the total price is now rounded to the nearest 5 forint (to 0 or to 5). A new 200 forint coin made of base metal alloy was introduced in place of the 200 forint bank note on 15 June 2009. In 1946, 10 and 100 forint notes were introduced by the "Magyar Nemzeti Bank" (Hungarian National Bank). A new series of higher quality banknotes (in denominations of 10-, 20 and 100 forint) were introduced in 1947 and 1948. 50 forint notes were added in 1953, 500 forint notes were introduced in 1970, followed by 1000 forint in 1983, and 5000