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
Monetary policy Monetary policy Monetary policy is the process by which the monetary authority of a country, typically the central bank or currency board, controls either the cost of very short-term borrowing or the monetary base, often targeting an inflation rate or interest rate to ensure price stability and general trust in the currency. Further goals of a monetary policy are usually to contribute to the stability of gross domestic product, to achieve and maintain low unemployment, and to maintain predictable exchange rates with other currencies. Monetary economics provides insight into how to craft an optimal monetary policy. In developed countries, monetary