1. The Hungarian forint slid to an all - time low Tuesday against the euro.

2. The Hungarian forint is convertible, and importers can purchase foreign currencies for import payments without limits.

3. After the comments, the forint slid, the yield on 10-year Hungarian government bonds surged and shares on the Budapest Stock Exchange tumbled.

4. With the Hungarian currency, the forint, plunging to record lows, many Hungarians are unable to pay-off their financial obligations.

5. The risk, of course , is that the forint devalues or depreciates.

6. It is now said to be redoubling its entry efforts and plans to peg the forint to the euro in preparation.

7. The focus is what will happen to leading banks if Hungary defaults or if the fall in the forint fuels a rise in loan delinquency among Hungarians who have borrowed heavily in euros and Swiss francs.

8. Inflation has since continued at a much more subdued rate, and the current exchange is valued at approximately 195.2 Forint to 1 $USD.

9. It does not use the euro and so could, if pressed, lift exports by devaluing its own currency, the forint.

10. The previously strong euro turned weak and the Polish zloty, Hungarian forint and Czech koruna were even weaker.

10. Wish you will love and make progress everyday!

11. Realizing that this type of hyperinflation and denomination increase was not sustainable - and after 20 short years - the Pengo was replaced by the Forint.

12. Much of the sector is foreign-owned, and these banks were the most exposed to retail lending in foreign currencies, which backfired when the forint weakened in 2008-09.

13. A 2.4% drop in the value of Hungary's currency, the forint, in early June, following a 3% drop in March 2009, has also given foreign producers more bang for their buck.

14. With investors pulling out of riskier markets, the move was a bid to support its currency, the forint, and raised the possibility that other central banks across Eastern Europe could follow suit.

15. But many lenders didn't reckon with a crisis such as today's, when currencies such as the forint fall and locals struggle to make rising monthly payments.