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The MNB shall be entitled to issue banknotes and coins in the official currency of Hungary. Banknotes and coins – including collector banknotes and coins – issued by the MNB in the official currency of Hungary shall be legal tender of Hungary.
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 and for 5 years from the date of the withdrawal of coins.
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 and for 5 years from the date of the withdrawal of coins.
Providing for the cash supply of the economy and maintaining the confidence in cash payments are among the basic tasks of the Magyar Nemzeti Bank.
The Magyar Nemzeti Bank does not perform any denomination exchange in its retail cash office.
For foreign currencies, the Magyar Nemzeti Bank conducts the expert examination of supposedly counterfeit currencies only; it does not engage in the exchanging, buying or selling of such currencies.
Copyright 2021, Magyar Nemzeti Bank