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Egy Forint - 1¢/1¢/1¢/1¢ - Hungary - 1840's circa Uncut Obsolete Sheet - Broken Bank Notes

Inv# OH1115   Foreign Paper Money
Country: Hungary
State(s): New York
Years: 18--

1¢/1¢/1¢/1¢ Uncut Obsolete Sheet. Hungary. The forint (sign Ft; code HUF) is the currency of Hungary. It was formerly divided into 100 fillér, but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post-World War II stabilisation of the Hungarian economy, and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation was in single digits, and the forint has been declared fully convertible. In May 2022, inflation reached 10.7% amid the war in Ukraine and economic uncertainty. As a member of the European Union, the long-term aim of the Hungarian government may be to replace the forint with the euro, although under the current government there is no target date for adopting the euro.

The forint's name comes from the city of Florence, where gold coins called fiorino d'oro were minted from 1252. In Hungary, the florentinus (later forint), also a gold-based currency, was used from 1325 under Charles Robert, with several other countries following Hungary's example. Between 1868 and 1892, the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire, known in German as the Gulden. It was subdivided into 100 krajczár (krajcár in modern Hungarian orthography; cf German Kreuzer). Read more at https://en.wikipedia.org/wiki/Hungarian_forint

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Condition: C.U.
Item ordered may not be exact piece shown. All original and authentic.
Price: $95.00