Hungary forint regime may change, says minister

Hungary's foreign exchange regime, built around a 4.5% wide flotation band and a crawling peg devaluation, may change next year, finance minister designate Mihaly Varga said on Wednesday.

"We don't know exactly when but in 2001 the revision of the current exchange rate regime may take place," Varga told a news conference. "When the change in the central bank governor's post takes place, we must speak about this issue again," he added.

Varga will replace outgoing finance minister Zsigmond Jarai

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: