Description
The Magyar Nemzeti Bank is Hungary’s central bank, which is responsible for the country’s monetary policy, financial stability, smooth operation of payments and supervision of the financial intermediary system. The primary objective of the central bank is to achieve and maintain price stability, but its other priorities also include supporting efforts to ensure environmental sustainability as well as developing the financial awareness of the country’s citizens and economic actors. The independent central bank is one of the most important symbols of Hungarian sovereignty, and the demand for a central bank was already formulated among the 12 points of the Revolution and War of Independence of 1848. This demand of the Hungarian Revolutionaries was finally met on 24 June 1924, when the independent Hungarian central bank began its work. The first challenge faced by the Magyar Nemzeti Bank was to stabilise the country’s economy in the aftermath of World War I.
Front: The front of the coin features a Fibonacci spiral signifying development and growth, set against a background of square tiles, in a centre field which shows the heraldic bands from the Hungarian flag and is bounded by a circular ring. The legend “MNB” and the date of foundation “1924” are located within the spiral, expressing that the central bank’s activities have always been focused on establishing stable economic conditions and thus creating the basis for development. The institution’s main goals are presented in a circular legend in the outer band, with “STABILITÁS • FEJLŐDÉS • ÉRTÉK- TEREMTÉS” (Stability • Development • Value) at the top and “FÜGGETLENSÉG • FENNTARTHATÓSÁG” (Independence • Sustainability) at the bottom. The date “2024”, the mint mark “BP.” and the denomination 3000 FORINT are found in the largest tile behind the Fibonacci spiral. The curved legend “MAGYARORSZÁG” (Hungary) is located below the spiral line.
Back: The logo of the Magyar Nemzeti Bank is shown on the centre field of the coin’s back as a gold inlay on the silver coin and in relief on the non-ferrous version. A detail from a decorative element on a share issued by the MNB in 1924 can be seen at the top, with the legend “100 ÉVES A” (100 Year of the…) forming a link to the logo below. Above, to the right of the logo, there is a depiction of a bank card symbolising electronic transactions, and then in clockwise order a bar of gold, standing for the gold reserves that promote sovereignty. The motifs continue with details from the 100-forint coin currently in circulation, the 10-forint coin used between 1971 and 1987, and the 1-forint coin issued in 1946, reflecting the MNB’s role in safeguarding a stable financial system and issuing Hungary’s national currency. The mark of the coin’s designer Andrea Horváth is integrated into the 10-forint coin motif.
