Economy of Hungary inflation rates of below, but close to 2% over the medium term". Since Hungary is in the process of catching up (Balassa-Samuelson effect), the long-term objective is a slightly higher figure, around 2.3-3.2%. Therefore, the medium term inflation target of the Hungarian National Bank is 3%. Concerning the exchange rate system, the floating exchange rate system is in use since 26 February 2008, as a result of which HUF is fluctuating in accordance with the effects of the market in the face of the reference currency, the euro. The chart on the right shows forint exchange rates for the British
Cash (currency) sub unit of the piastre usually known as a "sapèque". Cash was a currency unit of Madras Province during the period of British rule in India. Specifically, it was a subunit of the fanam, rupee, and pagoda. Copper coins of 20 cash were called pice, 10 cash were called dodees, and 5 cash were called half dodees. Travancore cash was similar to the Madras cash yet differed in the value compared to the rupee. thus, 1 rupee = 448 cash. Cash (currency) Cash is a name for several historical currencies used in Asia. It is applied to units used in