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
European Parliament Committee on Economic and Monetary Affairs report appears immediately on both the Parliament and ECN websites. European Parliament Committee on Economic and Monetary Affairs The Committee on Economic and Monetary Affairs (ECON) is a committee of the European Parliament. Since Economic and Monetary Union (EMU), the most important function of this committee has been in relation to the European Central Bank (ECB). Although guaranteed independence under the Treaty, the ECB is accountable for its actions to ECON. Every three months, the President of the ECB, or occasionally his deputy, appears before the Committee to report on monetary policy; both actions taken, and future prospects. He then