Budapest, October 14 (MTI) – The National Election Committee (NVB) on Wednesday rejected a referendum question concerning foreign currency loans submitted by a private individual.
The question was as follows: “Do you agree that Parliament should adopt legislation which stipulates that banks should bear costs related to exchange rate rises on foreign currency-denominated loans?”
Andras Patyi, the head of NVB, said the question was ambiguous as to whether it would apply only to new or existing loans. It may also require a change of Hungary’s basic law, he said.
The decision may be appealed within 15 days.