what currency is used in hungary?
Hungarian forint
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 In accordance with the Allied agreement made at the Yalta Conference millions of POWs and civilians were used as forced labour by the Soviet Union . In Hungary 's case , Hungarians were forced to work for the Soviet Union until 1955 . 

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 Both Hungarian and German forces stationed in Hungary were subsequently defeated when the Soviet Union invaded the country in 1945 . 

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 Additionally , 210 million people worldwide as of 2013 use currencies pegged to the euro . The euro is the second largest reserve currency as well as the second most traded currency in the world after the United States dollar . As of August 2014 , with more than € 995 @,@ 000 @,@ 000 @,@ 000 in circulation , the euro has the highest combined value of banknotes and coins in circulation in the world , having surpassed the U.S. dollar . Based on International Monetary Fund estimates of 2008 GDP and purchasing power parity among the various currencies , the eurozone is the second largest economy in the world . 

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 After World War II , the Soviet Army occupied Hungary , with the country coming under the Soviet Union 's sphere of influence . At the time , Hungary was a multiparty democracy , and elections in 1945 produced a coalition government under Prime Minister Zoltán Tildy . However , the Hungarian Communist Party , a Marxist – Leninist group who shared the Soviet government 's ideological beliefs , constantly wrested small concessions in a process named salami tactics , which sliced away the elected government 's influence , despite the fact that it had received only 17 % of the vote . 

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 The post @-@ war Hungarian economy suffered from multiple challenges . Hungary agreed to pay war reparations approximating US $ 300 million to the Soviet Union , Czechoslovakia , and Yugoslavia and to support Soviet garrisons . The Hungarian National Bank in 1946 estimated the cost of reparations as " between 19 and 22 per cent of the annual national income . " In 1946 , the Hungarian currency experienced marked depreciation , resulting in the highest historic rates of hyperinflation known . Hungary 's participation in the Soviet @-@ sponsored COMECON ( Council Of Mutual Economic Assistance ) prevented it from trading with the West or receiving Marshall Plan aid . 
