The MNB was in favor of the conversion, Nagy said. “Together with the foreign-currency based personal loans, this is a loan stock of HUF 500 bln, for close to 290,000 contracts,” Nagy told the weekly.
Hungary has already implemented a conversion of householdsʼ foreign currency mortgages earlier this year to the tune of close to HUF 3 trillion, most of which were denominated in Swiss francs.
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