New 1000 Forint Note Launched On 1st March

  • 26 Feb 2018 11:20 AM
  • Budapest Business Journal
New 1000 Forint Note Launched On 1st March
The Central Bank of Hungary (MNB) has been upgrading old bills since 2014.

New HUF 2,000 and HUF 5,000 bills entered circulation 2016 spring, while old HUF 20,000 bills were withdrawn at the end of 2017.

As for the HUF 1,000 bill, the old notes will be withdrawn from circulation on November 1, 2018, but may still be exchanged - as is the case for other old notes - for a period of three years at commercial banks and post offices, and for 20 years at the central bank, until 2037.

The new Ft 1,000 banknote, still bearing the image of King Matthias Corvinus, will enter into circulation on 1 March.

Online news portal reported that the cost of the banknote upgrades will run to HUF 4-5 billion, according to preliminary calculations by the central bank.

Photo: Central Bank of Hungary

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.