2000 Forint (Budapest University of Technology and Economics) – Hungary
Non-circulating coins
Commemoration: 240th anniversary of the foundation of the Budapest University of Technology and Economics
Hungary
Context
Year: 2022
Issuer: Hungary 
Issuing organization: Magyar Pénzverő
Period:
(since 1989)
Currency:
(since 1946)
Total mintage: 5,000
Material
Diameter: 38.61 mm
Weight: 30.8 g
Shape: Round
Standard: Silver ounce
Technique: Milled
Alignment: Medal alignment
flip
References
Numista: #329284
Value
Exchange value: 2000 HUF = $6.30
Inflation-adjusted value: 2865.52 HUF
Obverse
Description:
The commemorative coin features a detail from the main façade of the Budapest University of Technology and Economics.
Inscription:
MŰEGYETEM 1782
MAGYARORSZÁG
2000 FORINT
2022
BP.
MAGYARORSZÁG
2000 FORINT
2022
BP.
Translation:
TECHNICAL UNIVERSITY 1782
HUNGARY
2000 FORINT
2022
BP.
HUNGARY
2000 FORINT
2022
BP.
Script: Latin
Language: Hungarian
Designer: András Szilos
Reverse
Description:
The reverse centers on the university’s 240th-anniversary logo, with a patterned "240" background. The surrounding inscription features the university’s name in Hungarian above and English below, separated left by a stylized floral motif from the university sceptre and right by artist András Szilos’ mark. The inner edge bears the Latin name of the university.
Inscription:
UNIVERSITAS BUDAPESTINENSIS SCIENTIARUM TECHNICARUM ET OECONOMICARUM
BUDAPESTI MŰSZAKI ÉS GAZDASÁGTUDOMÁNYI EGYETEM
🏵
BUDAPEST UNIVERSITY OF TECHNOLOGY AND ECONOMICS
A
BME 240
BUDAPESTI MŰSZAKI ÉS GAZDASÁGTUDOMÁNYI EGYETEM
🏵
BUDAPEST UNIVERSITY OF TECHNOLOGY AND ECONOMICS
A
BME 240
Translation:
Budapest University of Technical and Economic Sciences
Budapest University of Technology and Economics
🏵
Budapest University of Technology and Economics
A
BME 240
Budapest University of Technology and Economics
🏵
Budapest University of Technology and Economics
A
BME 240
Script: Latin
Designer: András Szilos
Edge
Legend:
ÉMK 1782 – GPK 1871 – ÉPK 1873 – VBK 1873 – VIK 1949 – KJK 1951 – TTK 1998 – GTK 1998
Translation:
ÉMK 1782 – GPK 1871 – ÉPK 1873 – VBK 1873 – VIK 1949 – KJK 1951 – TTK 1998 – GTK 1998
Language: Hungarian
Mints
| Name | Mark |
|---|---|
| Hungarian mint | BP. |
Mintings
| Year | Mint Mark | Mintage | Quality | Collection |
|---|---|---|---|---|
| 2022 | BP | 5,000 | BU |
Historical background
In 2022, Hungary faced a severe currency crisis, with the Hungarian Forint (HUF) becoming one of the world's worst-performing currencies. The forint plummeted to historic lows against the Euro, repeatedly breaking the 400 HUF/EUR barrier and even approaching 430 at its weakest point in October. This dramatic depreciation was driven by a "perfect storm" of external and internal factors, including the economic fallout from the war in Ukraine, soaring energy prices, and a broader global shift away from risky emerging market assets amid aggressive interest rate hikes by major central banks like the U.S. Federal Reserve.
Domestically, the situation was exacerbated by a protracted dispute with the European Union over the rule of law and the withholding of billions in recovery funds, which undermined investor confidence. Furthermore, the Hungarian National Bank (MNB) faced a complex policy dilemma: while it aggressively raised its base interest rate to a region-high 13% to combat inflation and support the currency, it also introduced a series of unconventional measures. Most notably, it launched a temporary "quick deposit" facility with an even higher rate (up to 18%) to mop up excess liquidity, which was seen as a sign of market stress and created a two-tiered interest rate system.
The currency weakness directly fueled Hungary's skyrocketing inflation, which peaked at over 25% in early 2023, severely eroding household purchasing power. The government responded with price caps on essential foodstuffs and fuel, but these measures further distorted the market. By the end of 2022, intense monetary tightening and a preliminary agreement with the EU on funding conditions helped the forint recover significantly from its lows. However, the year left a legacy of high inflation, slowed economic growth, and increased costs for the state, businesses, and citizens servicing foreign-currency debts.
Domestically, the situation was exacerbated by a protracted dispute with the European Union over the rule of law and the withholding of billions in recovery funds, which undermined investor confidence. Furthermore, the Hungarian National Bank (MNB) faced a complex policy dilemma: while it aggressively raised its base interest rate to a region-high 13% to combat inflation and support the currency, it also introduced a series of unconventional measures. Most notably, it launched a temporary "quick deposit" facility with an even higher rate (up to 18%) to mop up excess liquidity, which was seen as a sign of market stress and created a two-tiered interest rate system.
The currency weakness directly fueled Hungary's skyrocketing inflation, which peaked at over 25% in early 2023, severely eroding household purchasing power. The government responded with price caps on essential foodstuffs and fuel, but these measures further distorted the market. By the end of 2022, intense monetary tightening and a preliminary agreement with the EU on funding conditions helped the forint recover significantly from its lows. However, the year left a legacy of high inflation, slowed economic growth, and increased costs for the state, businesses, and citizens servicing foreign-currency debts.
💎 Very Rare