In my speech I wish to elaborate on two issues. –  Why do we hold the conference now? –  What does MNB think about cash processing and protection against counterfeiting? Timing This year we are celebrating the 60th anniversary of the introduction of the forint. After the postwar hyperinflation, MNB issued the first series of forint banknotes on 1 August 1946.
This series of banknotes, disregarding changing the original design at the beginning of the period, served circulation for over 50 years. The set of denominations altered with the passage of time but the system of security features barely changed. The second series of banknotes was issued by using modern security features between 1997 and 2001.