New banknotes to be introduced in Hungary

Napi.hu writes that two new banknotes will be introduced in Hungary in 2017, while one, 20 thousand HUF note, will cease to be available.

The changing of banknotes began in Hungary. Since 2014 a new kind of 10 thousand HUF note is being used, 2015 brought us the new 20 thousand HUF note, and in 2017 two new banknotes will be introduced to the public.

According to the site, the new two- and five-thousand HUF notes are going to be available to pay with from March 2017, though they are regarded as official notes since November 15, 2016. At the same time the Central Bank of Hungary (MNB) begins the withdrawal of the old two thousand and five thousand notes.

However, the currently used notes are said to be fine to be used anywhere in the country until a deadline of July 31, 2017. Following that date only the banks and post offices can accept the note until July 31, 2020. After that, MNB is the only place to exchange the old notes for new ones till July 31, 2037.