Hungarian Coins Too Costly to Mint
BUDAPEST, Hungary — Inflation, devaluations, taxes and a rise in metal prices have made Hungary’s small-denomination coins more expensive to produce than they are worth, the Hungarian news agency MTI said Friday.
“Should there be another price increase, only the 10-forint and 20-forint coins would retain more value than their production costs,†it said.
The 20-forint coin, worth about 37 cents, is made of nickel, copper and aluminum. All others, from the tiny 10-filler (0.2-cent) to the 10-forint (18-cent), are made of alloys of aluminum and copper, whose world prices are rising.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
