Review of the MNB’s performance in 2020
On 4 July 2020, the central bank issued a silver collector coin of HUF 10,000 and its non-ferrous metal version with a face value of HUF 2,000 to pay tribute the 175th anniversary of the birth and 100th anniversary of the death of Pál Szinyei Merse, a pioneering, seminal figure in modern Hungarian painting. On 14 July 2020, the MNB issued 2 million commemorative versions of the 10-forint and 2 million commemorative versions of the 20-forint circulation coin named ‘Respect for the heroes’ as an acknowledgement for our compatriots (those working in public health care, trade, public sanitation, and logistics) for their self-sacrificing work in fighting the coronavirus pandemic. These coins serve as a symbol of respect towards them. On 2 September 2020, a new element was added to the series presenting national parks in Hungary. On the 45th anniversary of the establishment of the Kiskunság National Park, which was the second national park established in Hungary, special, silver and non-ferrous metal collector coins with a standing rectangle shape and face values of HUF 10,000 and HUF 2,000, respectively, were issued as the fifth piece in this thematic series. The 2020 commemorative coin issue programme continued with a unique issue. On 25 September 2020, for the 150th anniversary of the establishment of the Hungarian Meteorological Service, silver and non-ferrous metal collector coins with face values of HUF 10,000 and HUF 2,000, respectively, were issued by the central bank. The uniqueness of these commemorative coins is that they are the first square shaped silver coins issued in the more than half-century history of central bank issues, while the nonferrous metal versions are considered exceptional because of their large size. On World Animal Day – 4 October 2020 – the MNB continued the non-ferrous metal commemorative coin series that depicts Hungarian shepherd and hunting dogs with the second piece of the series, the ‘Komondor’ collector coin with a face value of HUF 2,000. On the 30th anniversary of the Constitutional Court of Hungary, silver and non-ferrous metal collector coins with face values of HUF 10,000 and HUF 2,000, respectively, were issued by the central bank. The Constitutional Court was set up as one of the fundamental institutions of the democratic transformation in 1989–1990, i.e. the revolution of the rule of law. Its most important task has been the protection of the rule of law and fundamental rights.
The central bank issued a silver collector coin ‘State Audit Office’ with a face value of HUF 10,000 and a non-ferrous metal version with a face value of HUF 2,000. These coins were issued on 21 October 2020, honouring the 150th anniversary of the establishment of the organisation and the 30th anniversary of the relaunch of independent audits by the State Audit Office of Hungary. As the seventh piece of the series presenting national memorial sites, the brass collector coin ‘Debrecen, Reformed Great Church and College’ was issued with a face value of HUF 2,000 on 18 November 2020. The MNB completed the 2020 commemorative coin programme by issuing silver and non-ferrous collector coins with face values of HUF 10,000 and HUF 2,000, respectively, to honour the 125th anniversary of the foundation of the Hungarian Olympic Committee. The special, silver collector coin with its golden edge and its non-ferrous metal version, both issued on 2 December 2020, also commemorate the outstanding results in the history of Hungarian sports, including the first Hungarian gold medals in Summer and Winter Olympics.
3.8 STATISTICAL SERVICES Following an intensive, two-year preparatory period, with the involvement of the credit institutions sector and the Hungarian Banking Association, a uniform central bank credit register reporting standard was formulated. This register conforms with the data collection models that represent a strategic direction internationally and contains micro data with a wide range of uses. In February 2020, the first reports of the central bank credit register (HITREG) data reporting, which contains individual-level credit data, were successfully received, and thus one of the most detailed data reporting of this type in Europe was launched. The migration of data reports into the MNB’s new data collection system started during the year. As a result, credit institutions’ supervisory data supplies, the reports ordered by the EBA and certain statistical data are already received in the new, uniform system. The renewal of the MNB’s statistical data releases continued in 2020. Accordingly, press releases and other publications are being gradually renewed, and the infrastructure handling the website is also becoming more modern. For the purpose of fulfilling its duties as specified in the MNB Act, the central bank collects statistical information
ANNUAL REPORT • 2020
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