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One and two forint coins will be accepted until 1 March 2008

The Magyar Nemzeti Bank will withdraw from circulation one and two forint coins on 1 March 2008.

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The Magyar Nemzeti Bank will withdraw from circulation one and two forint coins on 1 March 2008.

One reason for the decision is that the role of these small denominations in payments has diminished over recent years and that a large part of one and two forint coins have vanished from circulation. From the date of withdrawal, i.e. from 1 March 2008, retailers will round up or down the invoice totals to the nearest amount divisible by 5.

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