As the successor to the first Hungarian stock exchange founded more than 150 years ago in 1864, the Budapest Stock Exchange (BSE) plays a key role on the Hungarian and Central European capital markets. Since its re-establishment 30 years ago on 21 June 1990, the BSE has developed dynamically and is now one of the region’s most innovative markets.

As a cebtral player ont he domestic financial and capital markets, the BSE opens up opportunities for enterprises to access funding while also offering a wide range of investment vehicles for investors. In addition to its role on the capital market, the stock exchange is also an important pillar for a competitive, innovative economy: a smoothly functioning exchange facilitates financing via equities and bonds and serves as an effective alternative to bank financing, which is currently overrepresented in Hungary.

To mark the 30th anniversary of the re-establishment of the Budapest Stock Exchange, the Magyar Nemzeti Bank is issuing a 10.000-forint silver commemorative coin.

Re-establishment of the stock exchange restored an important component of a competitive economy.

The main motif on the front of the coin is the most important equity marcit indicator, as the diagram in the centre field shows the performance of the BUX index compared to international trends, highlighting the most important years in the BSE’s history since its re-establishment. The background is a world map consisting of arrows pointing upwards and downwards, representing the ups and down sin the economy. The exterior ring contains the values that are crucially important for the BSE: „GROWTH ∙ ACCUMULATION ∙ SUSTAINABILITY”, as well as the mandatory element „HUNGARY”.

The thematic side of the coin presents some aspects of the exchange’s operations. The vertical axis shows one of the BSE’s emblematic objects: the bell symbolising the opening of tradeing, which is now used to celebrate new company listings, on top of a pedestal, with the BSE’s logo at the bottom. To the left and right of this, the trends on the exchange are represented by a bull symbolising rising market trends and bear symbolising falling prices, each show non a horizontal line. The bull is modelled in relief to highlight positive performance, while the bear is depicted with lines, representing recession.

The master mark of the designer Zoltán Endrődy is located beneath the bull.