Economy of Hungary public sector spending falling from 62% of GDP to below 50%—the current account deficit was reduced to 2% of GDP, and government debt was paid down to 94% of annual export earnings. The Government of Hungary no longer requires IMF financial assistance and has repaid all of its debt to the fund. Consequently, Hungary enjoys favorable borrowing terms. Hungary's sovereign foreign currency debt issuance carries investment-grade ratings from all major credit-rating agencies, although recently the country was downgraded by Moody's, S&P and remains on negative outlook at Fitch. In 1995 Hungary's currency, the Forint (HUF), became convertible for all current
Mace (unit) which is also a generic word for "money" in Mandarin Chinese. (The same Chinese character (kanji) was used for the Japanese "sen", the former unit equal to of a Japanese yen; the Korean "chŏn"(revised: jeon), the former unit equal to of a Korean won; and for the Vietnamese tiền, a currency used in late imperial Vietnam; although neither of these has ever been known as "mace" in English.) Mace (unit) A mace (; Hong Kong English usage: tsin; Southeast Asian English usage: chee) is a traditional Chinese measurement of weight in East Asia that was also used as a currency