Is the forint too strong? Go on holiday in Hungary, FinMin recommends

Portfolio
Hungary’s Finance Minister Mihály Varga has made a clever/odd/cynical (make your pick) remark about the relationship between the EUR/HUF exchange rate and going abroad for your vacation. The point is that you don’t necessarily have to leave the country for your holiday.
Is the forint too strong? Go on holiday in Hungary, FinMin recommends
In an interview with weekly Figyelő Varga was asked: “In view of the EUR/HUF 325 exchange rate, as Finance Minister what would you suggest your fellow Hungarians is the best time to buy foreign currency for their summer vacation abroad?"

Varga replied: “A summer vacation abroad is exciting, but it is no problem at all if our countrymen spend their summer break at home, if they rest and spend at home." The minister added: “There are so many beautiful and interesting landmarks in Hungary."

As regards the adoption of the euro, Varga showed greater optimism than the Governor of the central bank (MNB), as contrary to György Matolcsy he does not think Hungary needs decades before it can join the euro area.

More in Economy

STA_4344
October 17, 2019 15:25

Hungary central bank VP: "Many have misjudged inflation but we were right"

Nagy calls for renewal in banking

D__AS20191011007
October 17, 2019 13:17

Karácsony to take action for greener Budapest

City's debt should be consolidated according to new mayor

Orbán Viktor szelfi Róma
October 17, 2019 09:27

Orbán to reward Hungarian villages

Hungary ups funding for villages, families

epitoipar
October 16, 2019 11:00

Hungary construction industry runs out of steam

Output down 10.5% m/m in August

DMARC20191013101
October 16, 2019 09:35

Budapest Mayor to introduce free public transport for students

Karácsony will meet Orbán on Friday

Megint véleményt mond Magyarországról az IMF
October 15, 2019 16:19

IMF ups Hungary GDP growth forecast to 4.6%

While projecting 0.9% current account deficit