Hungarian Socialists Criticise Banknote Revamp

  • 4 Sep 2014 9:00 AM
Hungarian Socialists Criticise Banknote Revamp
The National Bank of Hungary (NBH) on Monday announced it would revamp the banknotes it issues in 2014-2018. The opposition Socialists interpreted the announcement as the government’s admission that it has dropped plans to introduce the euro in Hungary. Sándor Burány, Socialist head of parliament’s budget committee, told MTI that “the government prefers a weak forint, which increases the burden on families by tens of thousands a month”.

Hungarians need instant measures to strengthen the national currency rather than a facelift to banknotes, he insisted.

The announcement also indicates that György Matolcsy is not suited to head the National Bank, and the Socialists “expect him to sign his letter of resignation”, Burány added.

The 10,000 forint bill will be the first one to get a facelift.

Source www.hungarymatters.hu

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MTI photo: Máthé Zoltán

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