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Forint sign

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This is an old revision of this page, as edited by Bluesclues100 (talk | contribs) at 16:37, 15 July 2011 (Created page with 'File:Forint Sign.jpg The Forint Sign () is a currency sign simular too the "florin sign". The forint was reintroduced on 1 August 1946, after the 1945-19...'). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

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File:Forint Sign.jpg


The Forint Sign () is a currency sign simular too the "florin sign".

The forint was reintroduced on 1 August 1946, after the 1945-1946 hyperinflation of the pengő. The process was managed by the Hungarian Communist Party, which held the relevant ministry seats, and the forint's success was exploited for political gains, contributing to the 1948-49 communist take-over of state powers. The forint replaced the pengő at the rate of 1 forint = 4×1029 pengő. In fact, this was an imaginary exchange rate, since, with highest value note being 100 million B. pengő (1020 pengő), the whole amount of pengő in circulation had a value of less than one forint at this rate[citation needed]. Of more significance was the exchange rate to the adópengő of 1 = 200 million adópengő.