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forint

The forint is the currency of Hungary. It was formerly divided into 100 fill??r, but fill??r 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 relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the Orb??n governments there was no target date for adopting the euro.

e: 31000000000047190

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Strings (5)

  • str_k__gdb_alternateName
    str.gdb:alternateName
    Hungarian forint
  • str_k__gdb_currencyCode
    str.gdb:currencyCode
    HUF
  • str_k__gdb_image
    str.gdb:image
    Uj forintok.png
  • str_k__gdb_unitText
    str.gdb:unitText
    Ft
  • str_k__rdfs_comment
    str.rdfs:comment
    The forint is the currency of Hungary. It was formerly divided into 100 fill??r, but fill??r 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 relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the Orb??n governments there was no target date for adopting the euro.

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Datetimes (1)

URIs (2)