Hungary has completed the replacement of its older banknotes with newer upgraded versions. -Editor
New 500-forint bills will be put into circulation in Hungary on 1 February 2019, and the old banknotes may be used for payment until 31 October next year, the central bank
(MNB) announced on Monday.
The 500-forint notes will remain an official means of payment until 31 October 2019, after which the MNB will have them withdrawn from circulation, and only the new 500-forint
bills may be used for payment after that.
The central bank started to replace banknotes in 2014. The previous series was issued in 1997. Each of the new banknotes depicts the same persons and locations on their obverse
and the reverse, respectively. Only the placement and size of the texts were changed besides the colours. The new banknotes also have additional security features which makes it
even more difficult to forge them.
We have collected the old (left) and new (right) bank notes, both the obverses and reverses. We believe the pictures speak for themselves and clearly prove speculation wrong
that the two series are easy to mix up.
To read the complete article, see:
Here comes Hungary's new 500-forint banknote
For more information on the notes, I reached out to reader Dave Hirt who is currently in Budapest. Thanks. -Editor
My wife Emi saw on the TV news about the new 500Ft note the same day you sent me this. This note, the lowest denomination of paper money completes the redesign of Hungarian
paper money which started over a year ago. I believe the new notes have more security features in them. As far as I know the new notes have been well accepted.
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