Forint forgery drops by more than a third

Portfolio
The number of counterfeit forint banknotes was 42% lower last year than a year earlier and may drop further this year, the daily Magyar Hírlap reported. The National Bank of Hungary (MNB) is continuously monitoring the situation.
forint

A longer falling trend in forint forgery continued in 2018 but there are no statistics available yet for this year, police told Magyar Hírlap. In 2018, the MNB's cash experts withdrew 450 counterfeit banknotes from circulation, nearly 42% less than a year earlier.

Other authorities involved in fighting forgery also identified 21 forged notes before they entered circulation. As in earlier years, larger notes were favoured by criminals, accounting for 80% of all fake bills. The number of cases discovered and the amount of counterfeit banknotes withdrawn did not present a risk for cash flow, police said.

According to police, forint forgers typically act alone and usually attempt to make a purchase or exchange currency to legalise the money, although some have tried to break forged bills at post offices or in banks.

 

More in Economy

GettyImages-1302427402
July 10, 2025 15:47

Hungarian pensions extremely low by EU standards, and the new vouchers are no panacea

Pretty dramatic figures all over the place

July 10, 2025 12:05

Price of petrol to be raised in Hungary

Diesel price to remain on hold

July 10, 2025 10:48

Hungarian government introduces new measures against shrinkflation

Warnings must be displayed

építészet-épület-idegenforgalom-műemlék-turizmus-város parlament budapest magyar remény
July 10, 2025 09:45

Hungary in mounting trouble: debt-to-GDP ratio might not be reduced this year

And the market may mete out punishment for this

dolgozo
July 09, 2025 16:00

Hungarian government reacts to the increase in the number of foreign workers

Why are there more of them? Because there are fewer of them.

LATEST NEWS

Detailed search