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The Hungarian integration into the European Union or the European community is a significant step towards political, economic, and cultural cohesion for the country. Before Hungary's accession to the EU, European integration was determined as a long-term goal, and accordingly, the country is committed to supporting European values and norms.
The ECU, standing for European Currency Unit, served as a precursor to the euro, the unified currency adopted by numerous European Union member states. Established in 1979, it functioned as a standardized unit of account within the framework of the European Monetary System (EMS). Essentially, the ECU acted as a reference point for exchange rates among European currencies and was primarily used for accounting purposes. Integral to the development of the euro, the ECU provided the foundational structure for the exchange rate mechanism (ERM) within the EMS. With the introduction of physical euro currency in 1999, several countries previously tied to the ECU transitioned to adopting the euro as their official currency.
ECU played a pivotal role in advancing European monetary integration, paving the way for the eventual establishment of the euro as a common currency across much of the European Union.
Obverse
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Depicts the Hungarian Parliament building, featuring its dome encircled by twelve stars representing the EU, alongside the inscription "Integration to the European Union". Below the building, the lowercase inscription "ECU" is displayed, and at the center underneath, the engraver's initials are positioned. INTEGRÁCIÓ AZ EURÓPAI UNIÓBA |
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Reverse
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Depicts slightly above the center is the coat of arms of the Republic of Hungary, with the denomination below it, followed by the curved inscription "FORINT" underneath. The country name (Hungarian Republic) is positioned above. The issuance year is divided and visible on the left and right sides of the coat of arms. Along the edges of the coin, the mintmark (BP) is situated on the left side, while the designer's surname is located on the right side. MAGYAR KÖZTÁRSASÁG |
Edge |
150 reeds |
1000 Forint
Third Republic
Integration into the European Union
Parliament of Budapest
Subscribe series
KM# 720 Schön# 222 Adamo# EM145
Integration into the European Union
Parliament of Budapest
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Integration into the European Union