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
Local administrative unit force in July 2003. For some countries, the LAU 1 level is not defined, and thus equivalent to the NUTS 3 level. A similar statistical system is defined for the candidate countries and members of the European Free Trade Association. Local administrative unit Generally, a local administrative unit (LAU) is a low level administrative division of a country, ranked below a province, region, or state. Not all countries describe their locally governed areas this way, but it can be descriptively applied anywhere to refer to counties, municipalities, etc. In the European Union, LAUs are basic components of Classification of Territorial