MNB: local currency is risky

By: trademagazin Date: 2011. 04. 11. 14:01

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.

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