New 500 Forint Launched

  • 4 Jul 2018 10:01 AM
  • Hungary Matters
New 500 Forint Launched
The National Bank of Hungary will replace the 500 forint as the final element of a banknote replacement programme started in 2014. The old 500 forint bills will remain in circulation until October 31, 2019.

The new 500 forint bills will become legal currency from July 4, but will not come into broad circulation until February 1, 2019.

MTI Photo: Bruzák Noémi

 

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this twice-daily newsletter covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI. Click the title above for more info, and to subscribe.

Explore More Reports

  • Hungary Prepares To Withdraw Old HUF 1,000 Bills

    Hungary Prepares To Withdraw Old HUF 1,000 Bills

    • 6 Sep 2018 6:40 PM

    The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced by a new banknote design with enhanced security features, will be withdrawn from circulation on November 1, 2018.

  • NBH Policymakers Keep Base Rate On Hold

    NBH Policymakers Keep Base Rate On Hold

    • 22 Aug 2018 9:58 AM

    The National Bank of Hungary’s Monetary Council decided to keep the central bank’s key rate on hold at 0.90% at a monthly policy meeting. The Council has left the base rate on hold since signalling an end to an easing cycle at a policy meeting in the spring of 2016.

  • Hungary Due For Another Upgrade According To National Bank

    Hungary Due For Another Upgrade According To National Bank

    • 7 Aug 2018 6:32 AM

    Hungary is due for another upgrade of its sovereign rating, which could take place as soon as next week, when a review by Standard & Poor’s is scheduled, National Bank of Hungary (NBH) deputy governor Márton Nagy said.