The National Bank of Hungary (Magyar Nemzeti Bank) announced a new
20,000-forint bank note in a decree published in the Hungarian
Official Journal on Sept. 25. This is the highest value
Hungarian bank note, currently worth approximately $73 U.S.
The note will keep its predecessor’s 154- by 70-millimeter size and
the basic design that was first issued in 2001 with a 1999 date. The
most obvious difference in the new note is a change in its central
color to a greenish-blue from a reddish-gray.
The portrait of legendary 19th century statesman Ferenc Deák (1803
to 1876) will remain on the face side, as will the old House of
Commons in Pest on the back. Deák, known as the “Sage of Hungary,” was
a leading fighter for improvement in the conditions of the Hungarian
peasantry, and the architect of the Compromise of 1867 that led to
union between Austria and Hungary under Emperor Franz Joseph.\
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According to Hungary’s central bank, this is the 20,000-forint
note’s third iteration. The second was in 2009, when the main changes
were the addition of the yellow rings of the Eurion Constellation and
new security elements within the watermark and elsewhere.
The notes have had the usual panoply of modern security features
ever since their inception: Intaglio and microprinting, security
thread and fibers, a see-through register, ultraviolet features,
fluorescence, optically variable ink, and holographic foil. An
addition for 2015 is iridescent printing.
The new note will be put into circulation in mid-December, at which
time the bank will offer specimen and low-numbered notes for sale.
This is the second of the current series of Hungarian bank notes to
be revised. A new 10,000-forint note was introduced last year. It is
expected that the 500-, 1,000-, 2,000-, and 5,000-forint denominations
will be replaced by 2018.
Hungary’s bank note paper is made from cotton and is manufactured by
Diósgyőr Paper Mill Ltd. Notes are printed by the Hungarian Banknote
Printing Shareholding Company and designed by Károly Vagyóczky.