MNB to revamp HUF 20,000 note


The National Bank of Hungary (MNB) is issuing a reworked version of the HUF 20,000 banknote today, according to a decree published in the official gazette Magyar Közlöny yesterday.

The current banknote, which will be replaced by the end 2016.

While the size of the note and also the portait of Ferenc Deák will remain, the color of the note is expected to change, with multiple colors on the front of the note giving an overall blueish-green tone, Hungarian news agency MTI reported today.

The first HUF 20,000 bill was issued in 2001 and was redesigned in 2009 to include more security features. The new HUF 20,000 banknotes will appear in circulation from December 14, the MNB said.

When last December the MNB launched the circulation of new HUF 10,000 banknotes, analysts noted that it was a sign by the Hungarian government to imply it would not change to the Euro soon. Hungary’s Prime Minister Viktor Orbán said in June that the introduction of the Euro can wait decades


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