Banknotes of Hungary

The official currency of Hungary is the forint (HUF), issued by the Magyar Nemzeti Bank (Central Bank of Hungary). Paper money was first introduced in Hungary in 1875 with the issuance of the first banknotes. In 1946, Hungary experienced a significant redenomination, replacing the old pengő currency at a rate of 400 billion pengő to 1 forint. Collectors are drawn to Hungary's banknotes for their diverse designs and historical significance. The 1997 series, featuring portraits of prominent Hungarian figures and intricate floral patterns, is particularly sought after due to its intricate security features and detailed imagery, which provide insight into the country's artistic and political legacy during a transformative period.