An information and analytics digest for everyone going abroad or staying home
Money

Hungary to Give Up Small Change

Thus, 64% of respondents are not afraid that the withdrawal of small change will affect their financial situation in any way, 11% hope for positive changes, and only one third believe it will improve the banks' financial situation. Meanwhile, the online publication Fn.hu notes that a 1-forint coin is currently only valuable as scrap metal.

When the coins are withdrawn from circulation, banks will install special machines for counting and sorting coins. Anyone wishing to exchange small change will receive "current" banknotes in return, reports Hungary-ru.com.