Hungary 2012: New Country Name on Coins

[chrisild]

As you may know, the government or regime in Budapest recently changed the country name - according to the April 2011 constitution, Hungary is no longer a republic. Or rather the country name as from 1-Jan-2012 will no longer include the term "republic". Next year's circulation and collector coins will reflect that change:

"According to the new Constitution (Basic Law) of Hungary, from 1st January, 2012 the legend of the forint coins Magyar Köztársaság is replaced by the legend Magyarország. Valid coins with old legend remain legal tenders." http://coins.hu/termekek/withdrawn_coins.html

From what I have read, the designs will basically be the same except for that new country name. Have not seen pictures of the new pieces so far, but* here are images of the 2012 collector coins that will say "Magyarország" as well: http://coins.hu/actualview?act=67

*Edit: Thanks for the images, ciscoins.

Christian

[ciscoins]

Image from http://worldcoinnews.blogspot.com/

[Bimat]

MNB begins minting of new coins

MTI – Econews

Monday, March 12, 2012, 6:25 PM CET

The National Bank of Hungary's Logistic Center has started minting of the new coins bearing the inscription "Magyarország" (Hungary) with the new HUF 5, HUF 10 and HUF 20 coins.

The old coins bearing the inscription "Magyar Köztársaság" (Republic of Hungary) will continue to function as legal tender and will only be withdrawn from circulation as they wear out, MNB communications chief András Simon told journalists.


MNB will have 10 million pieces made of each type of the coins, which will be issued on a continuous basis, he added. 


The cost of producing the new line of coins will be just over HUF 5 million, an insignificant amount compared to the annual costs of coin production, amounting to around HUF 1 billion, Simon said, answering a question from MTI.

Source

[Figleaf]

That explains why I couldn't find them in circulation last month

Peter