New HUF 1,000 bill enters circulation TODAY

Hungary’s new HUF 1,000 banknote enters circulation on March 1, the National Bank of Hungary said on Wednesday.

The new bill, upgraded with enhanced security features, became legal tender last summer, but did not enter into circulation to allow sufficient time to prepare for the switchover.

The old HUF 1,000 bills will be withdrawn from circulation on November 1, 2018, but may still be exchanged, free of charge, at banks and post offices for a period of three years, and at the central bank until October 31, 2038.

The bill will continue to display a portrait of King Matthias Corvinus on its obverse side and the Hercules Fountain from the Castle of Visegrád on its reverse side.

The NBH upgraded the security features on the HUF 10,000 bill late in 2014 and followed suit with the HUF 20,000 bill a year later. New HUF 2,000 and HUF 5,000 bills entered circulation last spring.

Featured image: MTI

Source: MTI