Hungarian National Bank
central bank of Hungary
The Hungarian National Bank (Hungarian: Magyar Nemzeti Bank [ˈmɒɟɒr ˈnɛmzɛti ˈbɒŋk], MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression the central bank of Hungary.
The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publishing official exchange rates, and managing the foreign-exchange reserves and gold to influence exchange rates.
The MNB is the dominant shareholder of the Budapest Stock Exchange and of the KELER Group, a financial market infrastructure.
Under European Union policy frameworks, the MNB is a voting member of the respective Boards of Supervisors of the European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA), and European Securities and Markets Authority (ESMA). It provides the permanent single common representative for Hungary in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA). It is also a member of the European Systemic Risk Board (ESRB).
History
Background
For a short period during the Hungarian Revolution of 1848, the revolutionary government used the recently established Hungarian Commercial Bank of Pest as a central bank.
This brief starts where responsible research should: with the source description of “Hungarian National Bank” as central bank of Hungary. Everything that follows is an evidence route, not borrowed authority.
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The subject matters to the general reference register because the source frames it as central bank of Hungary. Its deeper value depends on whether names, dates, institutions and citations support that framing.
The citation trail is more important than the brevity of the summary: it shows where individual claims can be examined in context. The source revision retrieved here is dated Aug 19, 2026. The linked authority identifier is Q774636. VIAF identifies the subject as 134325578. The Library of Congress control number is n82151459. 2 of 4 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 1924 and 1848.
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This entry incorporates text from “Hungarian National Bank” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.