Economy of Hungary account transactions, and subsequent to OECD membership in 1996, for almost all capital account transactions as well. Since 1995, Hungary has pegged the forint against a basket of currencies (in which the U.S. dollar is 30%), and the central rate against the basket is devalued at a preannounced rate, originally set at 0.8% per month, the Forint is now an entirely free-floating currency. The government privatization program ended on schedule in 1998: 80% of GDP is now produced by the private sector, and foreign owners control 70% of financial institutions, 66% of industry, 90% of telecommunications, and 50% of the
Yuan (currency) Yuan (currency) The yuan (; sign: ¥; ; ) is the base unit of a number of former and present-day currencies in Chinese. A "yuan" () is also known colloquially as a "kuai" (; originally a lump of silver). One "yuan" is divided into 10 "jiao" () or colloquially "mao" ( "feather"). One "jiao" is divided into 10 "fen" (). Today, it usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China. It is also used as a synonym of that currency, especially in international contexts – the ISO 4217 standard