The new 500-forint notes will be put into circulation on 1 February 2019
The banknote will get brighter color scheme and new security features.
The redesign of the 500 HUF note is the last step of of an ongoing program, implemented since 2014 to replace old Hungarian banknotes with a new type of paper and improved protection.
The current series of notes will remain in circulation until October 31, 2019.
From November 1st, 2019, only new 500-forint notes will be accepted as payment.
Old notes will be exchanged for the new bills of the same value free of charge at Hungary’s commercial banks and post offices for three more years and at the Central Bank of Hungary for 20 years.
As part of this phasing-out project of old paper money, modernised notes have already been introduced in denominations of 1,000, 2,000, 5,000, 10,000 and 20,000 forints. These bills are now all in circulation with updated design and improved security components.
For more information, see the Central Bank of Hungary website.
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