A number of exchange restrictions may have been relaxed in the run-up to OECD membership in 1996, yet the Hungarian forint still falls short of full convertibility. According to current exchange regulations, residents may only enter forint-related spot contracts in connection with certain types of payments and they are prohibited from entering forward and options contracts with non-residents.
Mainly due to these restrictions, the depth and liquidity of the Hungarian interbank forex market is still limited.
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