Economy of Hungary city competitiveness ranking by EIU, Budapest is ranked above Tel Aviv, Lisbon, Moscow and Johannesburg, among others. Hungary maintains its own currency, the Hungarian forint (HUF), although the economy fulfills the Maastricht criteria with the exception of public debt, but the ratio of public debt to GDP is significantly below the EU average at 75.3% in 2015. The Hungarian National Bank—founded in 1924, after the dissolution of Austro-Hungarian Empire—is currently focusing on price stability with an inflation target of 3%. In the age of feudalism the key economic factor was land. The new economic and social orders created private ownership
Cash (currency) 1023 the 交子 paper money currency occur to adapt the economical climate change of globalization brought by fair trade via silk road, although metal coins were still in circulation. After the introduction of a unified currency system in 1889, cash continued to be used as a subunit of the yuan with 1000 cash being equal to one yuan. Coins continued to be denominated in cash until the 1920s nationally and for a time thereafter regionally. Cash ("văn") was a currency unit for copper coinage in Vietnam until the introduction of the French Indochina piastre in 1885 when it became a