After the forint took a recent beating amid global financial market turmoil, the International Monetary Fund had offered
"We are committed to use all available instruments with a view to supporting
"In particular, the EU stands ready to use all tools available in accordance with the (EU) Treaty to complement possible IMF financial assistance," it added.
With a massive deficit on the flow of all current payments into and out of the country, known as the balance of payments on current account, the financial crisis has hit
Overnight from Thursday to Friday, the currency fell by 10 percent before recovering as the central bank intervened massively in the markets to support the currency.
Finance Minister Janos Veres has warned that the 2009 budget would have to be revised due to impact of the financial crisis.