The history of the forint dates back to 1325, when Charles Robert issued a gold-based currency called florentinus, which later became known as forints, to imitate the Florentine coins called fiorino d’oro. From 1358 on, coins were adorned with the portraits of Hungarian kings. The career of the golden forint lasted until 1553.
The forint made its comeback in 1750, redefining its image and returning in silver form. It was the primary legal currency used in the Austro-Hungarian Empire until 1892. In 1762, Maria Theresa issued the first banknotes of the Empire, including paper forints.
Lajos Kossuth, the iconic figure of the Hungarian Revolution of 1848-49 ignored the protests of the Court and issued an independent banknote in Hungary – this particular forint was called Kossuth-banknote at the time, and was valid until the revolution was crushed. But the forint did not disappear completely.
In 1857, the Austrian forint was introduced in the Habsburg Empire, followed by the Austro-Hungarian forint after the Compromise in 1867. In the years following 1892, a wide range of currencies were issued one after the other: the Austro-Hungarian crown, the Hungarian crown and the pengő from 1927. Following the hyperinflation of the pengő in 1946, the forint that is still valid today appeared.
Back in 1946, the fiver was the most valuable coin. Forints were subdivided into fillérs, which remained in circulation until 1999. The fall of communism in 1989 brought new coins, and the year 1996 saw the birth of the new one-hundred-forint coin. In 1998, two-hundred-forint coins were withdrawn, and so were one- and two-forint coins ten years later. However, the two-hundred-forint coin returned in 2009. The 200-forint note proved to be the toughest of the smaller banknotes: it was only withdrawn as late as 2009. Our newest banknote, the twenty-thousand-forint note was introduced in 2001.