New 500 Forint Launched
- 4 Jul 2018 10:01 AM
- Hungary Matters
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
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
Hungary's score on the Mastercard Digital Payment Index has reached 63 on a scale of 1 to 100. Hungary's score on the index, which assesses the digitalisation of consumer payments in the areas of market readiness, digital payment adoption and consumer knowledge and attitudes, improved twelve points in five years, Mastercard said.
OTP Bank, along with several other credit institutions, filed a constitutional complaint with the Constitutional Court, asking the court to declare unconstitutional certain provisions of Act XVIII/2025 on the installation of automated banknote dispensing machines and other related regulations, the bank said.
The National Bank of Hungary (NBH) has issued an executive circular instructing banks to inform retail clients on cheaper account packages by the end of January, in line with an agreement signed with the Hungarian Banking Association.
The Hungarian Banking Association voiced its "firm opposition" to draft legislation that would raise the amount of cash retail clients may withdraw free of charge from ATMs in a statement on Friday.
LATEST NEWS IN finance