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) 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