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
Mene (unit) Mene (unit) The mĕnē (also mina, Aramaic) () is an ancient Mesopotamian unit of weight for gold or silver and one of the earliest written words for money. The mĕnē, like the shekel, was also a unit of currency. In ancient Greece, it originally equalled 70 drachmae and later was increased to 100 drachmae. The Greek word "mna" was borrowed from Semitic; compare Hebrew "māneh", Aramaic "mĕnē", Syriac "manyā", Ugaritic "mn", and Akkadian "manū". However, before it was used as currency, a mene was a unit of measurement, equal to 567 grams. One mĕnē of gold would be worth $23,000