Banknotes withdrawn from circulation that may be exchanged to legal tender.
The MNB exchanges the following banknotes withdrawn from circulation to the Hungarian legal tender:
|Banknote||Date of withdrawal||Date of exchange|
Pursuant to Act CXXXIX of 2013 on the Magyar Nemzeti Bank (hereinafter “MNB Act” ), the governor of the MNB promulgates by decree the issue, denomination and external form of banknotes and coins, and their withdrawal. On the date specified in the decree of the governor of the MNB, the withdrawn banknotes and coins no longer constitute legal tender.
Until withdrawn, the banknotes and coins issued by the MNB must be accepted by everyone at nominal value for payments made in the Hungarian legal currency.
The MNB exchanges banknotes it withdraws from circulation, no longer constituting legal tender, to the Hungarian legal tender for 20 years from the date of withdrawal
Date of withdrawal: date set out in the MNB notice or MNB decree from which the withdrawn banknotes and coins no longer constitute legal tender.
Credit institutions and post offices also exchange banknotes withdrawn from circulation for 3 years from the date of the withdrawal.
Certain credit institutions and post offices also exchange, beyond the obligation imposed on them by law, withdrawn banknotes into legal tender and accept them as payment when their services are used.
Exchange deadline: date, determined in an MNB announcement or in a manner allowing for the deadlines set forth in Section 23 (3) of Act CXXXIX of 2013 on the Magyar Nemzeti Bank, until which banknotes and coins withdrawn from circulation can be exchanged to legal tender at the MNB;
The Customer may also send the withdrawn banknote for exchange purposes to the MNB by registered mail.
Magyar Nemzeti Bank
If a countervalue may be paid in exchange for the withdrawn banknote sent in this manner, the MNB will deliver it to the Customer by mail or bank transfer, in accordance with provisions relating to the payment of customers. (Please note that in case of deliveries from abroad, only the transfer is the method of payment of the consideration of banknotes. The bank account number or IBAN, SWIFT or BIC code, will be required for the transfer.)
The MNB will also not exchange the given denomination to legal tender after the exchange deadline.