Editing Economy of Hungary (section)

== Currency ==
{{main|Hungarian forint|#Fiscal policy}}

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 of the Hungarian forint|coins]] (5, 10, 20, 50, 100, 200)<ref name="3719hungarian_forint_c">{{cite web|url=http://english.mnb.hu/engine.aspx?page=mnben_coins|title=Hungarian Forint coins|publisher=Hungarian National Bank|year=2009|access-date=19 November 2009|url-status=dead|archive-url=https://web.archive.org/web/20100103151916/http://english.mnb.hu/engine.aspx?page=mnben_coins|archive-date=3 January 2010}}</ref> and six [[Banknotes of the Hungarian forint|banknotes]] (500, 1000, 2000, 5000, 10,000 and 20,000).<ref name="1934hungarian_forint_b">{{cite web|url=http://english.mnb.hu/engine.aspx?page=mnben_notes|title=Hungarian Forint banknotes|publisher=Hungarian National Bank|year=2009|access-date=19 November 2009|url-status=dead|archive-url=https://web.archive.org/web/20091108145307/http://english.mnb.hu/engine.aspx?page=mnben_notes|archive-date=8 November 2009}}</ref> The 1 and 2 Forint coins were withdrawn in 2008, yet prices remained the same as stores follow the official rounding scheme<ref name="3734hungarian_forint_r">{{cite web|url=http://english.forint.hu/engine.aspx?page=rounding|title=Hungarian Forint rounding|publisher=Hungarian National Bank|year=2009|access-date=19 November 2009|archive-url=https://web.archive.org/web/20090221125959/http://english.forint.hu/engine.aspx?page=rounding|archive-date=21 February 2009|url-status=dead}}</ref> for the final price. The 200 Forint note was withdrawn on 16 November 2009.<ref name="7391withdrawn_bankno">{{cite web|url=http://english.mnb.hu/Engine.aspx?page=mnben_currency_en&ContentID=9116|title=Withdrawn banknotes and coins|publisher=Hungarian National Bank|year=2009|access-date=19 November 2009|archive-url=https://web.archive.org/web/20100304065602/http://english.mnb.hu/Engine.aspx?page=mnben_currency_en&ContentID=9116|archive-date=4 March 2010|url-status=dead}}</ref>

=== The fulfillment of the Maastricht criteria ===
{| border="1" cellpadding="4" cellspacing=0 class="toccolours" style="border-collapse:collapse"
|- style="background:#ececec;"
! !! colspan="5"|Convergence criteria !!rowspan="3"| Obligation to adopt <sup>4</sup> !! colspan="2"|Target date !! rowspan="3"| [[Euro coins]] design
|- style="background:#ececec;"
! rowspan="2"|Country <sup>1</sup> !! rowspan="2" |[[Inflation rate]]<small>²</small> !! colspan="2"|[[Forms of government|Government]] [[finances]] !!rowspan="2"|[[ERM II]] membership!!rowspan="2"|[[Interest rate]] <small><sup>3</sup></small> !! rowspan="2"|set by the country !!rowspan="2"| recommended by the [[European Commission|Commission]]
|- style="background:#ececec;"
! annual [[Forms of government|government]] [[Government budget deficit|deficit]] to [[GDP]] !! gross [[government debt]] to [[GDP]]
|- style="background:#ececec;"
| style="text-align:center;"| '''Reference value'''&nbsp;<sup>5</sup>
| max 3.2%
| max. 3%
| max. 60%
| min. 2 years
| max 6.5%
| N/A
| N/A
| N/A
| N/A
|-
| style="text-align:center;"| '''{{HUN}}'''
| style="text-align:center;"| '''2.7%'''
<small>(as of Dec 2020)</small><ref>{{cite web|title=Inflation|url=http://www.ksh.hu/gyorstajekoztatok/#/en/document/far2011}}</ref>
| style="text-align:center;"| '''2.0%'''
<small>(fiscal year 2019)</small><ref>{{URL|https://www.ksh.hu/gyorstajekoztatok#/en/document/krm1912}}</ref>
| style="text-align:center;"| '''66.3%'''<ref>{{cite web|title=Hungary Government Debt to GDP|url=https://ec.europa.eu/eurostat/tgm/table.do?tab=table&init=1&language=en&pcode=teina225&plugin=1|website=ec.europa.eu}}</ref>
| style="text-align:center;"| '''0 years'''
| style="text-align:center;"| '''0.60%'''
<ref>{{Cite web|url=https://www.mnb.hu/en/Jegybanki_alapkamat_alakulasa|title=MNB.hu|website=www.mnb.hu}}</ref>
| yes
| 2019–2020
| N/A
| [[Hungarian euro coins|in progress]]
|}
<small>
<sup>1</sup> Current EU member states that have not yet adopted the Euro, candidates and [[Enlargement of the European Union#Potential Candidate countries|official potential candidates]]. <br />
<sup>2</sup> No more than 1.5% higher than the 3 best-performing EU member states.<br />
<sup>3</sup> No more than 2% higher than the 3 best-performing [[EU]] member states.<br />
<sup>4</sup> Formal obligation for Euro adoption in the country EU [[Treaty of Accession 2003|Treaty of Accession]] or the Framework for membership negotiations.<br />
<sup>5</sup> Values from May 2008 report.<ref>{{cite web|url=http://www.ecb.int/pub/pdf/conrep/cr200805en.pdf |title=Convergence Report May 2008 |access-date=20 September 2009}}</ref> To be updated each year.<br />
</small>

{{Historical currencies of Hungary}}