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34-530: The Bubi project was established in 2008 by the Municipality of Budapest. The capital investment for this project takes up approx. 900 million HUF (around 3 million €). 85% of this amount is covered by the European Union , and the remaining 15% is paid by the local government. Annual operating costs of est. 250 million HUF (around 800,000 €) are covered by MOL , the largest integrated oil and gas group, and runs

68-798: A Roman pound of silver. Newly invented currencies and currencies adopting new symbols have symbolism meaningful to their adopter. For example, the euro sign € is based on ϵ , an archaic form of the Greek epsilon , to represent Europe; the Indian rupee sign ₹ is a blend of the Latin letter ' R ' with the Devanagari letter र ( ra ); and the Russian Ruble sign ₽ is based on Р (the Cyrillic capital letter 'er' ). There are other considerations, such as how

102-606: A petrol station chain in Hungary – hence the name "MOL Bubi". Unlike basically everywhere else where nextbike's bicycle sharing system is implemented, which includes the hardware and the software and the bicycles, in Budapest it's not operated by nextbike . In Budapest it was operated by T-Systems and Csepel Zrt. Normally, in other implementations of nextbike's bicycle sharing system, the bicycles are assembled in nextbike's own production hall and delivered worldwide, in Budapest, however,

136-742: A trailer attached to an official bicycle, ensuring quick reallocation of bicycles. Bubi users can pay the fares, buy Bubi passes and have deposits returned at the docking stations. The stations are equipped with batteries to supply the terminal and the docks with power, and the terminals are also fitted with solar panels. Each docking station features a surveillance camera to deter theft and vandalism. MOL Bubi bicycles are produced by Csepel Zrt. . They are city bikes designed to resist weather and time. In order to prevent theft and vandalism, they are made of irremovable parts which are incompatible with other bicycles. To satisfy urban cyclists' needs, bicycles are designed to provide their riders with comfort. Each bike

170-489: Is a graphic symbol used to denote a currency unit. Usually it is defined by a monetary authority, such as the national central bank for the currency concerned. A symbol may be positioned in various ways, according to national convention: before, between or after the numeric amounts: €2.50 , 2,50€ and 2 [REDACTED] 50 . Symbols are neither defined nor listed by international standard ISO 4217 , which only assigns three-letter codes. When writing currency amounts,

204-470: Is equipped with a front rack with elastic straps for packages, mudguards, chain guards and coat protectors covering the back wheel. Originally they also featured hard wearing puncture-proof tyres, which was one of the most often recited problem, making the bikes bulky and slow; it has been replaced in 2023 by normal tyres, along with making the whole bike 3 kg lighter and upgraded the gear shifting system. The fee of using MOL Bubi consists of two distinct parts:

238-471: Is equipped with an additional lock which sends an alert to network operators if locked. Then operators can intervene and reallocate bicycles. Both the size of the area covered and the fare system incentivize short, under-30-minutes runtimes. Therefore, bicycle dockings are expected to be frequent. In order to maintain smooth operation, network logistics is implemented by bicycle-transporting facilities of multiple sizes. The smallest unit can carry two bicycles on

272-538: Is placed in the decimal separator position, as in 2 [REDACTED] 50 . Older currency symbols have evolved slowly, often from previous currencies. The modern dollar and peso symbols originated from the mark employed to denote the Spanish dollar , whereas the pound and lira symbols evolved from the letter L (written until the seventeenth century in blackletter type as L {\displaystyle {\mathfrak {L}}} ) standing for libra ,

306-504: The Gulden . It was subdivided into 100 krajczár ( krajcár in modern Hungarian orthography; cf German Kreuzer ). The forint was reintroduced on 1 August 1946, after the pengő was rendered worthless by massive hyperinflation in 1945–46, the highest ever recorded. This was brought about by a mixture of the high demand for reparations from the USSR , Soviet plundering of Hungarian industries, and

340-403: The 1956 revolution (in 2006). The 200-forint banknote was withdrawn from circulation in 2009, as its value inflated over time. Also due to the embarrassment caused by the fact that the model of the portrait on the banknote, purported to be of King Charles Robert (of whom no authentic contemporary depictions survived), turned out to be of an acquaintance of the designer, the managing director of

374-548: The 500 Ft banknote in 2019. In 2022 after Russia's invasion of Ukraine , the EUR-HUF exchange rate breached the 400 forints per 1 euro line for the first time, but rates at that level or higher lasted until the end of 2022. Some time later, the forint also depreciated against the US dollar, breaching the same line. The forint is still more than 400 forints per 1 euro in November 2024. Against

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408-453: The Budapest city government and BKK started to plan "Bubi 3.0" to double the number of bikes, include e-bikes and extend the covered area, planned to be finished in 2026. The MOL Bubi network consists of 211 docking stations, 2,460 bicycles and 24-hour technical support. The smaller number of docking stations on the Buda side is due to the hills which make cycling harder. The prevailing location of

442-508: The Hungarian Cyclists' Club, a network size of 10,000 bicycles would suit the city's needs. In May 2015 the number of bicycles was 1100, and the number of docking stations was 76. In September 2016 the system was extended to 112 stations and 1270 bicycles. In the summer of 2017 there have been a data breach at T-Systems and large amount of personal data of the Bubi users were leaked. Following

476-462: The US dollar the forint strengthened more markedly, returning to levels below 400 in November 2022 and below 350 in April 2023. Forints per dollar, euro, etc. Most traded currencies (from 31 December 1990): Sources : arfolyam.iridium.hu Currencies of nearby countries (from 31 December 2010): Sources : arfolyam.iridium.hu Currency sign A currency symbol or currency sign

510-514: The West, and thus the Communist Party masterminded the procedure using exclusively domestic resources. The Communist plan called for tight limits on personal spending, as well as the concentration of existing stocks in state hands. When the forint was introduced, its value was defined on the basis of 1 kilogram of fine gold being 13,210 Ft (or 1 Ft = 75.7 mg fine gold). Therefore, given that gold

544-399: The access fee and the usage fee. Planned fares as of April 2024 are summed up in the tables below. Prevailing fares can be found on this webpage . (charged only for time exceeding 30 minutes) [REDACTED] Media related to MOL Bubi at Wikimedia Commons Hungarian Forint The forint ( Hungarian pronunciation: [ˈforint] , sign Ft ; code HUF ) is

578-475: The bicycles are produced / assembled by Csepel, a Hungarian bicycle manufacturer. Nevertheless, the bicycles in Budapest are identical to those in Warsaw, as well as to those in several other cities where the bike sharing scheme is created and operated by nextbike . As of April 2014, the scheme was declared to be a first phase only. It is to be extended if it proves successful. According to János László , President of

612-570: The city of Florence , where gold coins called fiorino d'oro were minted from 1252. In Hungary, the florentinus (later forint ), also a gold-based currency, was used from 1325 under Charles Robert , with several other countries following Hungary's example. Between 1868 and 1892, the forint was the name used in Hungarian for the currency of the Austro-Hungarian Empire , known in German as

646-587: The common size of 154 mm × 70 mm (6.1 in × 2.8 in). The banknotes are printed by the Hungarian Banknote Printing Corp. in Budapest on paper manufactured by the Diósgyőr Papermill in Miskolc . Commemorative banknotes have also been issued: 1,000 and 2,000 forint notes to commemorate the millennium (in 2000) and a 500-forint note to commemorate the 50th anniversary of

680-475: The currency of Hungary . It was formerly divided into 100 fillér , but fillér coins are no longer in circulation. The introduction of the forint on 1 August 1946 was a crucial step in the post- World War II stabilisation of the Hungarian economy , and the currency remained relatively stable until the 1980s. Transition to a market economy in the early 1990s adversely affected the value of the forint; inflation peaked at 35% in 1991. Between 2001 and 2022, inflation

714-400: The docking stations can be found on this map . The network is designed to minimize the risk of having both empty and full docking stations. In order to achieve this, the size of the stations varies with the expected volume. Furthermore, if a bicycle is to be docked in a full station, there are extra stands with non-physical docking capability to which the bicycles can be attached. Each bicycle

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748-751: The holding of Hungary's gold reserves in the United States . The different parties in the government had different plans to solve this problem. To the Independent Smallholders' Party –which had won a large majority in the 1945 Hungarian parliamentary election –as well as the Social Democrats , outside support was essential. However, the Soviet Union and its local supporters in the Hungarian Communist Party were opposed to raising loans in

782-450: The latter was considered too big and ugly, and could easily be mistaken for the 20 forint coin. Silver 200 forint coins were withdrawn in 1998 (as their nominal value was too low compared to their precious metal content); the 1 and 2 forint coins remained legal tender until 29 February 2008. For cash purchases, the total price is now rounded to the nearest multiple of 5 forint (to 0 or to 5). A new 200 forint coin made of base metal alloy

816-671: The location of the symbol varies by language. For currencies in English-speaking countries and in most of Latin America, the symbol is placed before the amount, as in $ 20.50 . In most other countries, including many in Europe, the symbol is placed after the amount, as in 20,50€ . Exceptionally, the symbol for the Cape Verdean escudo (like the Portuguese escudo , to which it was formerly pegged )

850-436: The media attention and the controversies BKK decided in 2019 that they will no longer continue their partnership with T-Systems, and from 2020 the operators are BKK and Csepel Zrt. By December 2018 the number of stations grew to 127 with 1546 bikes and by May 2019 to 143 with 1846 bikes. A few docking stations are sponsored privately by operators of office buildings. In 2023 there were 2,460 bikes and 211 stations. In April, 2024

884-477: The security company that supplied the banknote printing company. The banknote was replaced by a bimetallic 200-forint coin featuring the iconic Széchenyi Chain Bridge . Forgery of forint banknotes is not significant. However, forged 20,000 forint notes printed on the paper of 2,000 forint notes after dissolving the original ink might come up and are not easy to recognize. Another denomination preferred by counterfeiters

918-500: The symbol is rendered on computers and typesetting. For a new symbol to be used, its glyphs needs to be added to computer fonts and keyboard mappings already in widespread use, and keyboard layouts need to be altered or shortcuts added to type the new symbol. For example, the European Commission was criticized for not considering how the euro sign would need to be customized to work in different fonts. The original design

952-402: Was also exceptionally wide. These two factors have led to most type foundries designing customized versions that match the 'look and feel' of the font to which it is to be added, often with reduced width.  & U+FFE6 ￦ FULLWIDTH WON SIGN Some of these symbols may not display correctly. The Unicode CJK Compatibility block contains several square versions of

986-403: Was fixed at £8 8s (£8.40 in modern decimal notation) sterling per troy ounce, one pound sterling was at that time worth about 49 forint. In 1946, coins were introduced in denominations of 2, 10, 20 fillérs and 1, 2, 5 forints. The silver 5 forint coin was reissued only in the next year; later it was withdrawn from circulation. Five and 50 fillérs coins were issued in 1948. In 1967, a 5 forint coin

1020-528: Was in single digits, and the forint has been declared fully convertible . In May 2022, inflation reached 10.7% amid the Russian invasion of Ukraine and economic uncertainty. As a member of the European Union , the long-term aim of the Hungarian government may be to replace the forint with the euro , although under the current government there is no target date for adopting the euro. The forint's name comes from

1054-454: Was introduced gradually between 1997 and 2001. Each banknote depicts a famous Hungarian leader or politician on the obverse and a place or event related to him on the reverse. All of the banknotes are watermarked , contain an embedded vertical security strip, an invisible ink design and are suitable for visually impaired people. The 1,000 forints and higher denominations are protected by an interwoven holographic security strip. The notes share

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1088-604: Was introduced in place of the 200 forint banknote on 15 June 2009. In 1946, 10 and 100 forint notes were introduced by the Hungarian National Bank . A new series of higher quality banknotes (in denominations of 10, 20 and 100 forints) were introduced in 1947 and 1948. 50 forint notes were added in 1953, 500 forint notes were introduced in 1970, followed by 1,000 forints in 1983, and 5,000 forints in 1991. A completely redesigned new series of banknotes in denominations of 200, 500, 1,000, 2,000, 5,000, 10,000 and 20,000 forints

1122-417: Was reintroduced, followed by a 10 forint in 1971 and 20 forint in 1982. In 1992, a new series of coins was introduced in denominations of 1, 2, 5, 10, 20, 50, 100 and (a somewhat different, 500 ‰ silver) 200 forint. Production of the 2 and 5 fillér coins ceased in 1992, with all fillér coins withdrawn from circulation by 1999. From 1996, a bicolor 100 forint coin was minted to replace the 1992 version, since

1156-432: Was the 1,000 forint note until improved security features were added in 2006. Worn banknotes no longer fit for circulation are withdrawn, destroyed and turned into briquettes which are donated to public benefit (charitable) organizations to be used as heating fuel. In 2014, a new revised version of the 1997 banknote series was gradually put into circulation beginning with the 10,000 Ft banknote in 2014 and completed with

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