Art Acquisitions Not Monetary Financing, Says Hungarian National Bank

  • 3 Aug 2015 9:00 AM
Art Acquisitions Not Monetary Financing, Says Hungarian National Bank
The central bank’s art acquisition programme is not a type of monetary financing and neither does it use tax income or impact the central budget, the National Bank of Hungary said. All acquisitions will be accessible to the general public via museums or public collections, the bank said in a statement. The programme creates a stable investment while the country is also culturally enriched without drawing on the central budget. It also follows the practice of other European central banks, it added.

Source www.hungarymatters.hu - Visit Hungary Matters to sign-up for MTI’s twice-daily newsletter.

MTI photo: Kovács Attila

  • How does this content make you feel?