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The forint (Hungarian pronunciation: ⓘ, sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér , but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post- World War II stabilisation of the Hungarian economy , and the currency remained ...
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The currency of Hungary is the Hungarian forint (HUF, Ft) since 1 August 1946. A forint consists of 100 fillérs; however, since these have not been in circulation since 1999, they are only used in accounting. There are six coins (5, 10, 20, 50, 100, 200) [118] and six banknotes (500, 1000, 2000, 5000, 10,000 and 20,000). [119]
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According to Bomberger and Makinen, the circulation of regular pengő notes peaked at around 76 septillion pengős (7.6 × 10 25 = 76 million billion billion) on 15 July 1946. [ 8 ] : 810 The conversion rate therefore reduced the peak value of all circulating pengő notes to 0.019 filler ( 19 ⁄ 100 000 forint), allowing the Hungarian National ...
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