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MNB prepares to withdraw old HUF 1,000 bills

The National Bank of Hungary (MNB) issued a reminder on Tuesday that old HUF 1,000 bills, which have been replaced by a new banknote design with enhanced security features, will be withdrawn from circulation on November 1, 2018. 

The new HUF 1,000 bills entered circulation on March 1, 2018. The old HUF 1,000 bills may still be exchanged, free of charge, at banks and post offices for a period of three years after their withdrawal, and at the central bank until October 31, 2038.

The MNB has been upgrading the security features on all of its banknotes in the framework of a program launched in 2014. The last replacement, the HUF 500 banknote, will not enter into general circulation until February of next year.