MNB: local currency is risky
It is easier to forge, it is not clear what will be happen with the forints given in exchange and does not support the local economy either – states the experts of MNB, the National Bank of Hungary.
According to the experts; these are the biggest risks of local currency using local funds. In Hungary, there is only one city (Sopron) that uses local currency, but several other municipalities (Pécs, Veszprém, Debrecen) also consider the introduction of such a currency – reports Origo.
Related news
More related news >
Related news
KSH: industrial production fell by 7.2 percent in September
In September 2024, the volume of industrial production was 7.2…
Read more >The majority of working young people expect a salary increase
Regarding the development of their own salary, the majority of…
Read more >Péter Benő Banai: next year, the Hungarian economy may grow above 3 percent
Next year, the Hungarian economy, relying on the policy of…
Read more >