Global Trade Alert
Global Trade Alert

Hungary: Foreign currency lending restriction to natural persons

Announcement

01 Jul 2009

In July 2009, the government of Hungary announced a rule change for commercial cross-border financial flows.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

01 Jul 2009

Revocation date:

No revocation date

Controls on commercial transactions and investment instruments In force

On July 30, 2009, Hungary issued decree 361/2009, which restricts foreign currency lending to natural persons. A mortgage loan denominated in foreign currency may only be granted if the borrower has r...

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