Economy
Hungary cenbank issues warning about old banknotes
On 31 July, the central bank has withdrawn from circulation old 2,000 and 5,0000 forint notes that had been issued before 2016, and stores may choose not to accept these from now on.
The central bank pointed out that the withdrawal does not mean the old banknotes will lose their value. These may be replaced with the new banknotes free of charge at every bank and postal office until 31 July 2017 and the central bank will do the same for another 20 years.
The bank also noted that 75% of the 2,000 forint notes and over 80% of the 5,000 forint denominations have been replaced by 31 July 2017.
The central bank pointed out that the withdrawal does not mean the old banknotes will lose their value. These may be replaced with the new banknotes free of charge at every bank and postal office until 31 July 2017 and the central bank will do the same for another 20 years.
The bank also noted that 75% of the 2,000 forint notes and over 80% of the 5,000 forint denominations have been replaced by 31 July 2017.
