What European nation uses the forint as its currency? - ProProfs Discuss
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What European nation uses the forint as its currency?



A. Zimbabwe
B. Hungary
C. Burma
D. Sweden

This question is part of Interesting Quiz On Countries of The World
Asked by Alfred Hook, Last updated: Aug 22, 2018

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2 Answers

L. Sevigny

L. SevignyDoctor, Las Vegas
Doctor, Las Vegas

Answered on Aug 22, 2018

Hungary is the country in Europe that uses Forint as it’s currency. It formerly divided into 100 filler, but filler coins are no longer in circulation. The introduction of the forint was in 1946. It was a crucial step in the post WWII stabilization of the Hungarian economy. The currency remained relatively stable until the 1980's.

Conversion to a market economy in the early 1990's adversely affected the value of the forint. Inflation peaked in 1991, and since 2001, inflation is in single digits, and the forint was declared fully convertible. The long-term goal may be to replace the forint with the euro, but that might not happen until the 2020's.

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Alfred Hook

Alfred Hook

Answered on Nov 06, 2017

Hungary
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