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
Coins of the Hungarian forint 1950. As a consequence of the Hungarian Revolution of 1956 the coat of arms was changed again, this version was used from 1957 until 1989. In 1992, a new series of coins was introduced with denominations of 1, 2, 5, 10, 20, 50 and 100 Forint . Production of the 2 and 5 fillér ceased in 1992, with all fillér coins withdrawn from circulation by 1999. From 1996, a bimetallic 100 Forint coin was minted to replace the 1992 version, since the latter was considered to be "too big and ugly" by many, and could be easily mistaken with the