Hungarian National Bank
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Hungarian National Bank
The Hungarian National Bank ( , MNB) is the central bank of Hungary and as such part of the European System of Central Banks (ESCB). It was established in 1924 as a successor entity of the Austro-Hungarian Bank, under the economic assistance provided to Hungary by the Economic and Financial Organization of the League of Nations. The bank calls itself the Magyar Nemzeti Bank in its English communications and occasionally clarifies that name with the expression ''the central bank of Hungary''. The bank doesn't call itself the ''Hungarian National Bank'' in English. The Hungarian National Bank lays special emphasis on its international relations and on participation in the professional forums of international economic institutions and financial organisations (EU, IMF, OECD, BIS). Its principal aim is price stability, but it is also responsible for issuing the national currency, the Hungarian forint, controlling the money in circulation, setting the Central Bank base rate, publ ...
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Liberty Square (Budapest)
Liberty Square (, ) is a public square located in the Lipótváros neighborhood of Budapest, Hungary. The square is a mix of business and residential. The United States Embassy in Hungary and the historicist style headquarters of the Hungarian National Bank abut the west side of the square. Some buildings on the square are designed in the Art Nouveau style. Ignác Alpár designed two of the buildings. The square houses monuments to Ronald Reagan and Harry Hill Bandholtz and a monument to the Soviet liberation of Hungary in World War II from Nazi German occupation. In 2020, together with the United States Embassy, it built a large statue of US Pres. George H.W. Bush. Some of the monuments like the WWII liberation sculpture were designed by Károly Antal. The Memorial for Victims of the German Occupation portrays Hungary as an angel being attacked by Germany in the form of an eagle -- symbolism that obscures Hungary's willing participation in the Holocaust. A counter-monument ...
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