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During its history, denominations ranging from 10 to 20,000 forints were put into circulation in correspondence with the inflation which raised needs for higher denominations. Recently, commemorative banknotes were issued as well.
In 1946, 10 and 100 forint notes were introduced by the Hungarian National Bank. A new series of higher quality banknotes (in denominations of 10, 20 and 100 forints) were introduced in 1947 and 1948. 50 forint notes were added in 1953, 500 forint notes were introduced in 1970, followed by 1,000 forints in 1983, and 5,000 forints in 1991.
10 Ft 28.0 mm 1.9 mm 8.83 g Nickel: Ornaments "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in Budapest: Value, year of minting, "Kádár" coat of arms: 1971 1 June 1971 31 March 1987 31 December 1988 10 Ft 25.4 mm 1.7 mm 6.1 g 92% copper 6% aluminium 2% nickel: Ornaments "MAGYAR NÉPKÖZTÁRSASÁG", mintmark, the Liberty Statue in ...
The reform also attempted to reduce the risk of hyperinflation on the forint, by setting the exchange rate for gold at 13.21 forints per gram: [10] however, nobody could convert forints at that rate. [ 8 ] : 814
Although there were plans to issue 10 billion (10 10) pengő notes (similar in design to the 1946-version 10 Ft note), denominations higher than one billion were renamed milpengő (which stands for million pengő) and the indicated value was reduced by a factor of one million. The next denomination after the one billion pengő note became the ...
The inflation outturn was near 3% as a result of the crisis, but because of the increase in VAT, it averaged 5% in the second half of the year. Because of the IMF loan, the public debt rose to nearly 80%. The central bank interest rate fell to 6.25% from 10.5% in 2009.
The 10- and 20 fillér coins did circulate until the early '90s, and were removed in 1996. The last fillér coin, the 50 fillér (0.5 forint), was removed from circulation in 1999. [ 3 ] However, the fillér continues to be used in calculations, for example, in the price of petrol (e.g. 479.9 forint/litre), or in the prices of telephone calls.
The Austro-Hungarian gulden (), also known as the florin (German & Croatian), forint (Hungarian; Croatian: forinta), or zloty (Polish: złoty reński; Czech: zlatý), was the currency of the lands of the House of Habsburg between 1754 and 1892 (known as the Austrian Empire from 1804 to 1867 and the Austro-Hungarian Monarchy after 1867), when it was replaced by the Austro-Hungarian krone as ...