Hungarian forint 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 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Since 2001, inflation is in single digits, and the forint has been declared fully convertible. As a member
Banknotes of the Hungarian forint time. From 1947, a second series of banknotes were designed and put into circulation. These banknotes were printed until 1996 with different coat of arms. Between 1997 and 2001, a new series of banknotes were issued with improved security features. The notes share the common size of 154 × 70 mm. The banknotes are printed by the Hungarian Banknote Printing Corp. in Budapest on paper manufactured by the Diósgyőr Papermill in Miskolc. The Hungarian National Bank has announced the withdrawal of the 1000 forint notes issued prior to 2006. This affects the 1000 forint note from the current series, but