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The term forint originated from the city of Florence, Italy. From 1252 onwards gold coins known as fiorino d’oro were minted here. The forint was first named florentinus in Hungary and was a gold based currency that was used from 1325.
From 1868-1918 Hungary was part of the Austro-Hungarian Empire and between 1868 and 1892 the forint remained the currency of Hungary and was subdivided into 100 krajczar. The germans during this time called the forint ‘florin’ or ‘gulden’.
The Austro-Hungarian Krone became the official currency in Hungary and the Austro-Hungarian Empire from 1892 up until the separation of the countries within the Empire in 1918. From this point the Hungarian Korona became the official currency of Hungary. It suffered high inflation during the 1920’s.
A stabilisation programme was introduced in an attempt to tackle inflation and eventually the korona was replaced on the 1st January 1927 by the pengo. The Pengo was replaced by the Forint on 1st August 1946 after becoming almost worthless thanks to the incredible hyperinflation of 1945-46.
On each Hungarian forint banknote you will find a person of great significance to Hungary on one side of the banknote and on the other side a place relating to that person. For instance on the 20000 forint banknote Ferenc Deak a former statesman is on one side and the old house of commons is on the reverse.
The Hungarian Forint is the official currency of Hungary. The ISO 4217 currency code for the Hungarian Forint is HUF.