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
Basic income in the United Kingdom time Major C.H. Douglas, a British engineer and social philosopher, developed a new economic philosophy which he labelled Social Credit. At the heart of the philosophy was a firm belief in the importance of individual freedom, but also that the monetary system had to be changed so that the market system could function properly. In short he combined monetary reform and basic income. The Beveridge report, published in 1942, stated that social insurances should be the main system in society for economic security. Besides that the report also proposed a selective system for those without access to social insurances. Beveridge