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 the highest value note being 100 million B. pengő (10 pengő), the total amount of pengő in circulation had a value of less than 0.1 fillér. (The "B" stood for an old-style "billion", i.e. a million million.) Of more significance was the exchange rate to the adópengő of 1 forint = 200 million adópengő. Historically the forint was subdivided into 100 "fillér" (comparable to a penny), although fillér coins have been rendered useless by inflation and have not been in circulation since 1999. (Since 2000, one forint has typically been worth about half a US cent or slightly less.) The