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In 2014, the Magyar Nemzeti Bank started to replace forint banknotes in circulation and to introduce new banknotes with upgraded security features and modern design. In doing so, the Bank’s aim is to ensure that after the note issuing programme is completed, i.e. from 2019, only denominations in the ‘New forint banknotes’ series remain in currency circulation as Hungarian legal tender and that old banknotes issued from 1997 are withdrawn gradually. 

Withdrawal of old banknotes means that acceptance of a given banknote denomination will not be compulsory in cash payments. In addition, withdrawal will not lead to automatic loss of value, as credit institutions and the post office will exchange withdrawn banknotes into legal tender for three years following the date of withdrawal, without any territorial restriction and free of charge. Banknotes withdrawn from circulation can be exchanged into legal tender for 20 years following the date of withdrawal, also without any limitation. 

The table below summarises the dates of issue and withdrawal of banknotes currently in circulation as legal tender. For detailed information about the exchange of banknotes being withdrawn, follow this link.

Banknotes in circulation

Denomination

Date of issuance

Date of withdrawal

20000 forintos_1999_előoldal.jpg

01 February 2001

31 December 2017

20000 forintos_1999_előoldal.jpg

15 April 2009

31 December 2017

hirek_box.jpg

25 April 2015

New issuance

01 July 1997

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

09 September 2008

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

02 September 2014

New issuance

5000Fteo.jpg

01 April 1999

31 July 2017

5000Fteo.jpg

15 April 2009

31 July 2017

u5000-k.jpg

15 November 2016

New issuance

2000Fteo.jpg

01 February 1998

31 July 2017

2000Fteo.jpg

15 April 2009.

31 July 2017

u2000-k.jpg

15 November 2016

New issuance

10 April 2006

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

15 April 2009

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

01 December 1998

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

01 February 2001

Remains in circulation; the MNB will provide information about their withdrawal at a later date.

15 April 2009

Remains in circulation; the MNB will provide information about their withdrawal at a later date.