Hungarian forint paper money ( hu, forint papírpénz) is part of the physical form of the current Hungarian currency, the

Hungarian forint The forint (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 stabi ...

. The forint paper money consists exclusively of

banknote A banknote—also called a bill (North American English), paper money, or simply a note—is a type of negotiable instrument, negotiable promissory note, made by a bank or other licensed authority, payable to the bearer on demand. Banknotes w ...

s. 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.

1946 Banknotes

In 1946, the first series of forint banknotes were put into circulation with the denominations of 10 Ft and 100 Ft. As a consequence of their poor quality (

offset printing Offset printing is a common printing technique in which the inked image is transferred (or "offset") from a plate to a rubber blanket and then to the printing surface. When used in combination with the lithographic process, which is based on t ...

), many counterfeit appeared in a short time.

1947 Series

From 1947, a second series of banknotes were designed and put into circulation. These banknotes were printed until 1996 with different

coat of arms A coat of arms is a heraldry, heraldic communication design, visual design on an escutcheon (heraldry), escutcheon (i.e., shield), surcoat, or tabard (the latter two being outer garments). The coat of arms on an escutcheon forms the central ele ...

1997 series

Between 1997 and 2001, a new series of

s were issued with improved security features. The notes share the common size of 154 × 70 mm. The banknotes are printed by the Hungarian Banknote Printing Corp. in Budapest on paper manufactured by the Diósgyőr Papermill in

Miskolc Miskolc ( , , ; Czech language, Czech and sk, Miškovec; german: Mischkolz; yi, script=Latn, Mishkoltz; ro, Mișcolț) is a city in northeastern Hungary, known for its heavy industry. With a population of 161,265 (1 Jan 2014) Miskolc is the ...

. The Hungarian National Bank has announced the withdrawal of the 1000 forint notes issued prior to 2006. This affects the 1000 forint note from the current series, but without the red metallic strip on the obverse side, i.e. also the Millennium issue. These notes remained in circulation until August 31, 2007. After this period, the note may be refused for payment. However, commercial banks may exchange these notes thereafter. The Hungarian National Bank will continue to exchange these notes for twenty years, until August 31, 2027. The 200 forint notes were replaced with a new 200 forint coin in 2009.Coins to replace 200 forint banknotes
, MNB press release, June 23, 2008 (The silver 200 forint

coins A coin is a small, flat (usually depending on the country or value), round piece of metal or plastic used primarily as a medium of exchange or legal tender. They are standardized in weight, and produced in large quantities at a mint in order to ...

that were in circulation until 1998 did not see much use at that time.)

2014 series

Beginning in 2014, the

Hungarian National Bank The Hungarian National Bank ( hu, Magyar Nemzeti Bank (MNB)) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). The Hungarian National Bank was established in 1924 and succeeded the Royal Hungarian St ...

issued a revised series of forint banknotes, featuring the same themes as its previous issues, but containing advanced security features. The first banknote issued for this series, the 10,000 forint, was issued into general circulation on 2 September 2014, followed by the 20,000 forint banknote on 25 September 2015, the 2,000 and 5,000 forint banknotes on 1 March 2017, the 1,000 forint banknote on 1 March 2018 and the 500 forint banknote on 1 February 2019.

References

{{Historical currencies of Hungary

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Croatia a ...