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Hungary: Foreign currency lending restriction to natural persons

Description

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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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

01 Jul 2009

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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