The National Bank of Hungary launched a new HUF 500 banknote

The new banknote will be available for the general public starting from February 1, 2019, while the old notes will be withdrawn by October 31, 2019. After that date, the MNB will withdraw the old notes, and from November 1, 2019 only the upgraded HUF 500 notes will be usable in day-to-day transactions. The press release stresses that the old banknotes will not lose their value for many years following withdrawal. After the withdrawal date, credit institutions and post offices will continue to exchange the old notes for new legal tender of the same denomination for three years, while the MNB will continue to exchange them for 20 years, i.e. until October 31, 2039.
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