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Money Currency Hungarian Forint (Ft) = 100 fillr. Notes are in denominations of Ft20,000, Ft10,000, 5000, 2000, 1000, 500 and 200. Coins are in denominations of Ft100, 50, 20, 10, 5, 2 and 1. A large number of commemorative coins in circulation are legal tender. Currency exchange Currency can be exchanged at hotels, banks, bureaux de change, airports, railway stations, travel agencies and some restaurants throughout the country. Automatic exchange machines are available in Budapest and other main tourist centres. Credit and debit cards can be used to withdraw money from ATMs. Visitors should retain all exchange receipts, as it is illegal to change money on the black market. Credit & debit cards It is possible to withdraw cash by credit card at more than 3200 post offices. American Express, Cirrus, Diners Club, MasterCard and Visa are accepted. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. Travellers cheques Widely accepted in stores and banks. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in US Dollars or Pounds Sterling. Exchange rate indicators The following figures are included as a guide to the movements of the Forint against Sterling and the US Dollar:
Currency restrictions The import of local currency is limited to Ft200,000, provided the amount is declared on arrival. The export of local currency is limited to Ft200,000 and must be declared. The import of foreign currency is unlimited, provided amounts greater than Ft50,000 are declared. The export of foreign currency is limited to the amount declared on import and should be made no longer than three months after import. There is no compulsory money exchange. Hungarian currency can be re-exchanged for up to 50 per cent of the officially exchanged sum (but not more than US$450) at any authorised office or branch of the National Savings Bank. Banking hours Mon-Fri 0800-1600. Some banks are open on Saturdays. |