Forint

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Forint

The currency of Hungary. It was issued in 1946, not long before Hungary became a communist country. It was an inconvertible currency until the fall of the Iron Curtain, when Hungary transitioned to capitalism. It dealt with high inflation in the 1990s but stabilized afterwards.
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References in periodicals archive ?
Banks must pay the 7 percent charge in forints by December 20 this year.
The European Commission examined several forms of state financing handed over to the airline, which added up to $257 million worth of Hungarian forints as well as 76 million euros.
The firm will remain under state control for up to two years while there still is an emergency on the ground and during relief efforts, which would cost tens of billions of forints or tens of millions of dollars, he added.
The price for the 400,000 shares in the domestic tranche of the offer was set at 2,700 forints ($11.44), with the shares being offered to Hungarian retail and institutional investors.
The tax revenues would be distributed to local Hungarian productions through the National Cultural Foundation, which last year gave 3 billion forints (U.S.$14 million) to various artists.
In dollar terms, rents in downtown Budapest fell slightly to $33.88 PSF, but the national economic restructuring plan resulted in a 36 percent drop in the value of the Hungarian Forint against the German Deutsche Mark, the currency to which rental rates in prime buildings are generally linked, causing sharp rent increases (for those converting Forints to DM).
is establishing its first development centre outside the United States here in Hungary with an investment of 2 billion forints (EUR 6.14 million).