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 Banknotes of the Hungarian forint Hungarian forint paper money () is part of the physical form of the current Hungarian currency, the Hungarian forint. The forint paper money consists exclusively of banknotes. During its history, denominations ranging from 10 to 20,000 forint were put into circulation in correspondence with the inflation which raised needs for higher denominations. Recently, commemorative banknotes were issued as well. In 1946, the first series of forint banknotes were put into circulation with the denominations of 10 Ft and 100 Ft. As a consequence of their poor quality (offset printing), many counterfeit appeared in a short