Hungary aims to introduce euro in 2006

HUNGARY - The government expects that Hungary will introduce the euro as its currency as of 1 January 2006, Zsigmond Jarai, head of the National Bank of Hungary (MNB) said at a business conference on 26 July.

Quoted in the daily Nepszabadsag, Jarai said that Hungary aims to join the EMU two years after EU accession, which the government hopes will take place at the beginning of 2004.

In order to adopt the euro, inflation will have to be reduced to 2% by the end of 2004, said Jarai. With the

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