ADVERTISEMENT

MNB sets date for old HUF 10,000 bill withdrawal

Telco

The National Bank of Hungary (MNB) will withdraw old HUF 10,000 banknotes at the end of this year, a decree published in the latest issue of the official gazette Magyar Közlöny shows, state news agency MTI reported.

The HUF 10,000 bill will be the last of the pre-upgrade banknotes (pictured) to be withdrawn from circulation.

The MNB upgraded the security features on the HUF 10,000 bill late in 2014, but put off a decision setting a date for the withdrawal of the old bills.

After the old bills are withdrawn from circulation on December 31, 2019, they may still be exchanged, free of charge, at banks and post offices for a period of three years, and for a period of 20 years at the central bank itself.

The MNB noted on its website that the upgraded HUF 10,000 bills account for 86% of all HUF 10,000 banknotes in circulation.

The MNB launched a program to upgrade Hungarian banknotes in 2014. The last bill to be upgraded, the HUF 500 banknote, entered into circulation on February 1, 2019.

MOL Renovates Base Storing Strategic Kerosene Reserves Energy Trade

MOL Renovates Base Storing Strategic Kerosene Reserves

EC Advances Infringement Procedure Over Hungary's Sovereignt... EU

EC Advances Infringement Procedure Over Hungary's Sovereignt...

Hell Energy Inaugurates HUF 80 bln Capacity Expansion Manufacturing

Hell Energy Inaugurates HUF 80 bln Capacity Expansion

Puskás Arena to Host 2026 Champions League Final In Budapest

Puskás Arena to Host 2026 Champions League Final

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.