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" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the economic policy of the Government using the monetary policy instruments at its disposal. "

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Budapest School for Central Bank Studies

Banknotes and coins

Publications

Banknotes and coins

Banknotes and coins

Rss

Exchangeable banknotes withdrawn from circulation

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.

Exchangeable coins withdrawn from circulation

Incomplete, damaged or contaminated banknotes and coins

Banknotes and coins that are difficult to identify or damaged are exchanged to the legal tender free of charge by the MNB at the Bank’s Retail Cash Office (Budapest, V. Kiss Ernő u. 1.)

Fighting against counterfeiting

The Magyar Nemzeti Bank does not perform any denomination exchange in its retail cash office...

Foreign currencies

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.

Cash-related activity of the Central Bank

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.

Production of banknotes and coins

Regulatory environment

The effectiveness of the MNB’s responsibility and the performance of its basic tasks (affecting cash-related areas) as well as professional and qualitative central bank expectations are ensured by and included in the following provisions of law