The forint is the official currency of Hungary. The official currency symbol; Ft. The name forint, comes from Florence, where gold coins known as fiorino d’oro have been struck since 1252. From 1325 under Charles Robert, Hungary adopted florentinus (later forint), a gold-based currency, with several other countries following Hungary’s lead. The forint was the name used for the currency of the Austro-Hungarian Empire between 1868 and 1892. The introduction of the forint in 1946 was a critical step in stabilizing the Hungarian economy following World War II, as the pengõ had become nearly unusable due to significant hyperinflation between 1945 and 1946. Consequently, of the currency introduction, the Hungarian government authorized issuing coins notes in denominations of 2, 10, 20 fillérs and 1, 2, 5 forints, followed by 5 and 50 fillérs in 1948, the 5 and 10 forint in 1971 and 20 forint in 1982. A new series of coins with denominations of 1, 2, 5, 10, 20, 50, 100, and 200 forints was launched in 1992. The 2 and 5 fillér coins production halted in 1992, and by 1999, all fillér coins had been removed from circulation. A 100 forint coin was introduced in 1996 to replace the 1992 edition. The silver coins worth 200 forints were phased out in 1998, followed by the 1 and 2 forint coins in early 2008. The 200 forint note was replaced with a new 200 forint coin in 2009.
The 50 forint commemorative coin front design features the denomination. The reverse of the coin illustrates the National Coat of Arms within a stylized design, the country’s name, and the issue date. This coin is part of the 2016 series ‘’70th anniversary of introduction of Hungary’s legal tender’’. Its rim is plain, and its color is silver.
Text: 50 FORINT, BP, MAGYARORSZÁG, HETVENÉVES A FORINT, 2016.