Hungarian forint added in 2006. Banknotes that were previously in circulation are withdrawn and recycled as materials for briquettes. All banknotes are 154 × 70 mm in size. Most traded currencies (from 31 December 1990): Currencies of nearby countries (from 31 December 2010): 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
Economic and Monetary Union of the European Union policy. The three stages for the implementation of the EMU were the following: There have been debates as to whether the Eurozone countries constitute an optimum currency area. There has also been a lot of doubt if all eurozone states really fulfilled a "high degree of sustainable convergence" as demanded by the Maastricht treaty as condition to join the Euro without getting into financial trouble later on. Since membership of the eurozone establishes a single monetary policy for the respective states, they can no longer use an isolated monetary policy, e.g. to increase their competitiveness at the cost of other