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
Cent (currency) and the currency as a whole is managed by the European Central Bank (ECB). In Canada, the 1¢ coin is no longer produced since 2012. A cent is commonly represented by the "cent sign", a minuscule letter "c" crossed by a diagonal stroke or a vertical line: ¢; or a simple "c", depending on the currency "(see below)". Cent amounts from 1 cent to 99 cents can be represented as one or two digits followed by the appropriate abbreviation (2¢, 5¢, 75¢, 99¢), or as a subdivision of the base unit ($0.99). Back in the days of typewriters, the cent