CLS on track with Hungarian forint adoption

Currency to be added to settled units in November

Danube in Hungary

Currency settlement utility CLS is on track to add the Hungarian forint to its universe of settled units in November, having embarked on the final phase of the project with the Hungarian National Bank (MNB) in October 2014.

The forint will be the first currency to be added to the 17 units settled by CLS since 2008, when the Israeli shekel and the Mexican peso were introduced. The forint represents 0.4% of the global $5.3 trillion-a-day foreign exchange market, according to data from the Bank for

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