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
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