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Wednesday 30 March 2022

2289) "Hungarian Money Museum and Visitor Centre", Hungary: Magyar Nemzeti Bank ("Hungarian National Bank") has issued a circulation Coin of 100 Forint to commemorate the unique Museum: Date of Coin issue: 16.03.2022:

2289) "Hungarian Money Museum and Visitor Centre", Hungary: Magyar Nemzeti Bank ("Hungarian National Bank") has issued a circulation Coin of 100 Forint to commemorate the unique Museum: Date of Coin issue: 16.03.2022:

About the Hungarian Money Museum and Visitor Centre:

On 16.03.2022,  a day after the "Hungarian Money Museum and Visitor Centre" was officially opened, the Magyar Nemzeti Bank (Hungarian National Bank) issued a commemorative circulation coin of  100 forint denomination. 

With the issue of this coin, the Bank's primary objective was to focus attention on the significance of financial literacy and the Money Museum as an authentic and comprehensive source of knowledge. 

About the Hungarian Money Museum:

The Objective:

"It is like an adventure park that doesn't exercise physical abilities, it trains the spirit, and it gives the visitor an early insight into the world of money, the possibilities of managing money." 

The Money Museum opened on 15.03.2022 in the renovated Post Office Palace.

The Central Bank's statutory/primary task is the financial education of the population. 

The innovative and unique Museum is attempting to expand the knowledge, which primarily tries to capture the attention of children

The Money Museum is an inter-active place, where the younger generation can get acquainted with economic processes, concepts and financial history curiosities, collecting experiences in a playful form. 

In a good sense, the result of this inter-active Museum, will also be an education, for adults to save on time, invest, choose forms of self-care and not be fooled by Ponzi schemes etc. 

Although, in the mind of a teenager, this concept of Money and Banking is obviously not formulated, but an early encounter with money is useful, and it would be even better if the one-time, interesting museum visit was supported by an interactive curriculum in public education.

The Style of Presentation:

The exhibition presents the world of money through nodes. First one get acquainted with money as a value measurement tool, in the second, one get acquainted with the concepts related to the value of turnover, then with money as a means of payment, later with world currencies, and finally with treasure formation and accumulation. There  was no mention of cryptocurrency.

Reaching out to minors requires more modern spaces and a lot of interactive games, thought the brain-stormers, who did not create a timeline museum.

The most modern museum pedagogical directions have been mixed with digital techniques, but there are still a large number of traditional exhibition elements, so parents do not have to feel like they have fallen on an alien planet. 

Printing money is not for counterfeiters:

The exhibition is intended for 12-18 year olds, but even a 4-year-old can enjoy certain elements. 

Visitors can try their hand at being a banker, but it can be amusing to many that there is finally a place where one can legally design and print a banknote using homemade methods. 

Megalomania can culminate in printing one's own portrait on the Banknotes. 

Here one can see under UV light what hologramic signs adorn and protect real paper money, so one can also feel how central banks strive to "raise the bar for counterfeiters". Counterfeiting today is actually quite a challenge, with the combined risk of going to prison for a long time.

Coin striking:

Coin striking can seem relatively mundane, as compared to printing banknotes, but visitors can also try this. 

One feels excited to touch or raise a gold bar, (the property of the National Bank of Hungary, which weighs 12 kilos and is worth over 200 million forints). 

An exciting part of the exhibition is also a mock-up, on which the MNB's headquarters in Liberty Square is shown with hologram technology. 

A Pipe Mail:

In comparison, the demonstration of pipe mail can be a Stone Age, which was a device made of pipes that transmits leaves, manuscripts and small objects locked in box, by air pressure or air thinning.

At the exhibition, one can gain financial awareness by shooting with pipe mail from A to B. 

A look into the past at the Hungarian National Bank:

What was the National Bank like in the past? The presidential room is symbolized by the life-size door of the office, which, through its keyhole, gives an insight into the past and present of the central bank. 

One can see selected pieces of the MNB's numismatic collection, including the most precious coin minted immediately after the coronation of St. Stephen, of which there are only fifty pieces in the world.

One can, also, get a taste of the stock market, find out how a web shopping gets complicated and what the economic crises have entailed.

Public sculpture and museum objects at the same time:

The statue of Miklós Szőke Gábor, the Robogás, commemorates the "Golden Train of the National Bank of Hungary". 

During the Second World War, in 1945, the employees of the MNB risked their lives to evacuate the country's gold reserves, the 30 tons of gold reserves of the National Bank of Hungary, its large foreign exchange reserves, and the Corvinas of King Matthias on trains to Austria. 

Visitors can see the artwork evoking the scooter locomotive at the fifth junction on the route of the exhibition, which functions as both an inside and a public sculpture. The 13-meter long and 13-tonne artwork starts from the museum's square and arrives at Széll Kálmán Square by breaking through the walls of the building.

The Space sculpture depicts a gliding steamer painted to nearly 7,000 gold, individually cut, bent, and composed of hand-welded stainless steel rods per edge.

 Gold blocks in space form a dynamic plastic. The experience of movement is also enhanced by the lighting, which, with the help of gradually switch-on lamps, gives the feeling of the train rattling in the stomach of a tunnel. 

In addition to the history of the gold train, the statue of "The Roar" also shows another motif of the clamour of the machinery of the economy, the need for continuous progress. 

The locomotive, which has been an emblematic sign of development and progression in all art forms since the Industrial Revolution, here becomes a metaphor for the engine of the economy.

The three-storey, 2,400-square-meter Money Museum typically hosts school groups on weekdays with a guided tour of museum pedagogy, the weekend belongs to families and individual visitors. Admission is free for all ages, but subject to prior registration.

New circulating commemorative type:

The coin design illustrates the evolution of the Forint based on tradition, economic growth; therefore, in addition to increasing the popularity of the Money Museum, it also transmits the MNB’s values.

 Additionally, the collector’s version of the circulation coin, issued, is a true rarity, as the 100-forint bicolour circulation coins have not featured the motif extending from the outer ring onto the base, so far.

Two million pieces of these metal coins are being put into circulation from 16.03.2022 onwards. 

The Reverse of the 100-forint bicolour coins is identical with the face value side of the coin of the same denomination currently in circulation. 

However, replacing the Hungarian Coat-of-Arms, the thematic side features a new motif, designed by Mónika Gyuró.

 On the Obverse of the 100 Foring bicolour coins in the centre field, extending into the ring, a typical section of the building that houses the Hungarian Money Museum and Visitor Centre is shown. 

Above, a stylised representation of a chart, showing an upward trend, is found and four different coins are placed featuring motifs (the "Anjou Lily", making a reference to Hungarian gold florins from the Middle Ages, the iconic number of the "one-forint coin" introduced in 1946, a "globe", and a "pair of scales") that refer to the themes presented by the Money Museum and the general characteristics of money. 

Inside the string of pearls in a circular legend, separated by ornamental dots the lettering ‘MAGYARORSZÁG’ (Hungary) and ‘PÉNZMÚZEUM’ ("Money Museum") and the mint year ‘2022’ is seen on the outer edge of the coin. 

The specification of this Commemorative Coin are:

Country of issue: Hungary; Date/Year: 16.03.2022;  Coin Theme: "Hungarian Money Museum and Visitor Centre"; Denomination/Face Value: 100 Forint; Metal Composition: Alloy: Bimetal: CuNi, Nordic gold - External Ring: Nickel-brass (65% copper, 15% nickel and 20% zinc); Center Disc: nickel-brass (75% copper, 4% nickel and 21% zinc); Weight: 8.60 grams; Diameter/Size: 23.80 mm; Edge: Reeded; Coin Quality: Circulation (C) and Uncirculated (U); Mint: Budapest Mint on behalf of "Magyar Nemzeti Bank" (National Bank of Hungary); Mintage: 2.00 million pieces; Designer: Mónika Gyuró. 






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