Transzferárszabályozás

Transzferárszabályozás is a financial concept related to the regulation of foreign currency transactions in Hungary. The term can be translated to English as "transfer regulation" or "transfer rule".

The concept emerged in the 1990s as a result of Hungary's transition to a market-based economy and its subsequent membership in the European Union. Prior to the introduction of transferárszabályozás, foreign currency transactions in Hungary were heavily restricted, with the government exercising control over the flow of capital in and out of the country.

Under transzferárszabályozás, the Hungarian government introduced a regulatory framework that governs foreign currency transactions, including the conversion of local currency into foreign currencies, the transfer of foreign currencies into and out of the country, and the conversion of foreign currencies into local currency upon return to Hungary. The system aimed to prevent currency speculation, maintain economic stability, and ensure compliance with international financial standards.

The key provisions of transzferárszabályozás include the authorization of foreign currency transactions, the reporting of such transactions to the National Bank of Hungary, and the establishment of exchange rates for foreign currencies. The system also introduced a licensing regime for banks and other financial institutions operating in the foreign exchange market.

The introduction of transzferárszabályozás was an important step in Hungary's financial sector liberalization and its integration into the global economy. While the system has undergone changes over the years, its core principles remain in place to this day, ensuring a stable and well-regulated foreign exchange market in Hungary.