>PRAGUE, Nov 22 (Reuters) – Hungary’s forint hit a new all-time low on Monday and the Polish zloty was stuck around its weakest levels in 12 years, under pressure from a strong U.S. dollar and worry over the worsening COVID-19 situation in central Europe. The forint fell 0.5% to 369.67 to the euro.
Famously in 2008 when Ft crossed the then-record 280 treshmark and was nearing 300 Orbán, then in opposition said any prime minister who lets the Ft hit 300 should resign. But according to him now Hungarians get payed in Ft so it doesn’t matter to the average person, lol ¯_(ツ)_/¯
It’s not ike any major transaction isn’t accounted in euro, naaaah.
Forint was 369,69 today. You know what to comment.
Both countries have been increasing their interest rates recently. Looks like the market is not impressed.
Come to Euroland if you don’t want your government to steal your money.
Huh…. maybe I should swap my reserves for Euro while Forint is still worth something…
Hungarians are Turks anyway, maybe shit currency is Turkic trait?
6 comments
Illiberal money ain’t doing so good.
>PRAGUE, Nov 22 (Reuters) – Hungary’s forint hit a new all-time low on Monday and the Polish zloty was stuck around its weakest levels in 12 years, under pressure from a strong U.S. dollar and worry over the worsening COVID-19 situation in central Europe. The forint fell 0.5% to 369.67 to the euro.
Famously in 2008 when Ft crossed the then-record 280 treshmark and was nearing 300 Orbán, then in opposition said any prime minister who lets the Ft hit 300 should resign. But according to him now Hungarians get payed in Ft so it doesn’t matter to the average person, lol ¯_(ツ)_/¯
It’s not ike any major transaction isn’t accounted in euro, naaaah.
Forint was 369,69 today. You know what to comment.
Both countries have been increasing their interest rates recently. Looks like the market is not impressed.
Come to Euroland if you don’t want your government to steal your money.
Huh…. maybe I should swap my reserves for Euro while Forint is still worth something…
Hungarians are Turks anyway, maybe shit currency is Turkic trait?