The mass production of the HUF 200 coins has been commenced. The Hungarian Mint Ltd. (Magyar Pénzverő Zrt.) will mint 71 million of the coin, which is made up of two different metals. The mint has already prepared 15.5 million pieces. The coin will go into circulation in middle of June. The HUF 200 is a bimetal so it is made from two different metals. The outer part of the coin will from the alloy of a yellow and the inner from a silver metal. The outer (yellow) ring contains 75 percent copper, 21 percent zinc and 4 percent nickel. Our HUF 5 and 20 coins are also made from this alloy.
The inner (grey) core is 75 percent copper, and 25 percent nickel. The coin will bear the image of the Chain Bridge, which was voted by the population. This is the first time in the history of the forint that the image on coin is chosen by those who use it every day – notes the Mint.
The coin goes into circulation 15 June 2009, and the HUF 200 banknote will remain a legal tender until 15 November 2009. The primary of the change from a banknote to a coin is to increase national saving as well as the long-term goal of the MNB to facilitate the future switch of the population from HUF to euro. objective
The present HUF 200 banknote has been in circulation for 12 years. The Magyar Nemzeti Bank (Hungarian National Bank) has started to issue a brand new series of banknotes in 1997. The last and biggest denomination of the banknote family of 7 denominations was the HUF 20 thousand banknote, which has been in circulation from February 2001. The HUF 200 banknote was the lowest denomination of that series of banknotes. The front sides of the above-mentioned series of banknotes display images of outstanding personalities of the Hungarian history, and on the back of them, you can see historic locations related to them. The size of each denomination of the bank note series is the same (154x70 millimetre.)