Commemorative medal issued to honor the 100th anniversary of diplomatic relations between the USA and Hungary

To honor the 100th anniversary of establishing diplomatic relations between the United States of America and Hungary, the Magyar Nemzeti Bank (MNB) had issued a commemorative medal which was first presented on December 9,2021, during a ceremonial reception hosted by MNB.

On the obverse of the medal, specific sections of the Hungarian Parliament building, and the U.S. Capitolium can be seen while on the reverse Lajos Kossuth, Minister of Finance in the first accountable Government of Hungary and George Washington, the first President of the United States, and the commander-in-chief of the American War of Independence are featured.

Dr. Mihály Patai, Deputy Governor of MNB opened the ceremonial reception where Marc Dillard Chargé d’Affaires, a.i. from the Embassy of the United States and Dr. Péter Sztáray, State Secretary of Security Policy from the Ministry of Foreign Affairs and Trade of Hungary also gave speeches. The guests received a piece of the commemorative medal from Deputy Governor Patai.

The United States and Hungary signed a treaty establishing friendly relations on August 29, 1921, which entered into force on December 17.

Vissza a tetejére

The primary objective of the MNB shall be to achieve and maintain price stability. (...) Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the system of financial intermediation, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the government’s economic policy and its policy related to environmental sustainability, using instruments at its disposal.