State sec to propose writing forint into constitution

Budapest, March 25, 2011 (MTI-ECONEWS) – Mihaly Varga, Prime Minister’s Office state secretary, on Friday said he would propose inserting a clause into Hungary’s new constitution making the forint the official currency of the country.

Budapest, March 25, 2011 (MTI-ECONEWS) – Mihaly Varga, Prime Minister’s Office state secretary, on Friday said he would propose inserting a clause into Hungary’s new constitution making the forint the official currency of the country.

“If Hungary adopts the euro, then the text of the constitution will have to be changed,” Mr Varga said.

Changing the constitution requires the votes of two-thirds of MPs.

Prime Minister Viktor Orban said earlier that Hungary’s eurzone entry is “unimaginable” before 2020.

source: mti.hu