ADVERTISEMENT

MNB to revamp HUF 20,000 note

Deals

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

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Parliament approves amendment to Competition Act Parliament

Parliament approves amendment to Competition Act

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.