Magyar Nemzeti Bank Rt.

Magyar Nemzeti Bank operates as the central bank of Hungary. The company maintains price stability; defines and implements monetary policy; and issues banknotes and coins, including commemorative banknotes and coins. It also creates and manages official reserves in foreign exchange and gold; and conducts foreign exchange operations in relation to the management of foreign exchange reserves and the implementation of exchange rate policy. In addition, the company oversees and develops the domestic payment and settlement systems, and securities settlement systems; collects and publishes statistical information; and develops policies relating to the supervision of credit institutions and the stability of the financial intermediary system. Magyar Nemzeti Bank was founded in 1924 and is based in Budapest, Hungary.