MNB launches new HUF 500 note

Sights

mnb.hu

The new HUF 500 notes will enter circulation today, on February 1, with a revamped design and extra security features, according to a press release on the National Bank of Hungaryʼs official website mnb.hu.

(Image: mnb.hu)

The bill features Hungarian historical figure Ferenc Rákóczi II on one side, and the Castle of Sárospatak on the other.

The new notes are expected to become widespread in a few months, MNB says. The old HUF 500 notes can still be used for payment until October 31, the central bank said.

Even after that date, when the old nots are no longer legal tender, they can still be swapped for new notes for another three years at every bank and post office, and for 20 years at MNBʼs household office.

In the press release the national bank also called on the providers of parking meters, as well as ticket, food, and beverage machines to prepare for the new notes to make the transition smoother.

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.

Support the BBJ

Travel