The MNB said it aimed to amass a collection that would be an “investment of lasting value.”
The central bank will establish a body of art market experts and its own management to coordinate and implement the program, which runs until the end of 2018. The MNB reportedly will also provide “ordinary Hungarians with a penchant for culture and history a chance to make recommendations on which works of art to buy.”
The MNB said the program was similar to the practices of other central banks that buy works of art.
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