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
Mina (unit) Mina (unit) The mina (also mĕnē, Aramaic; ) is an ancient Near Eastern unit of weight, which was divided into 50 shekels. The mina, 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 mina was a unit of measurement, equal to . From earliest Sumerian times, a mina was a unit of weight. At first, talents