FORMER POSTAL PALACE TO BE
RENOVATED AND OPENED TO THE PUBLIC
The building of the former Postal Palace at Széll Kálmán tér will be renovated and turned into a multifunctional space. Built in 1924 according to plans by Gyula Sándy, it was the first office building in the city, and it served the whole Buda area, both as an office building and a telephone exchange. The building survived the siege of Budapest: even though it burnt out, the structure was undamaged, which was something the architect was proud of until the day he died. During the renovation, the typical style elements of the Secessionist building will be preserved, but the developer is planning to add new, modern functions to the building, which is expected to be opened to the public in 2020.
Part of the well-known, iconic building will be occupied by the Magyar Nemzeti Bank’s Supervisory Department, and another, important part will host the most modern money museum and economic experience centre in Europe. The new institution will present the world of money and the operation of economic systems: it will use cutting-edge technology to describe the most complex trends in the history of money, banking and economy in a simple, easy-to-understand and interactive way. The renovated building will have a movie theatre, a stock exchange room, simulation spaces, an interactive playground, a coin mint, lecture halls, classrooms, a shop and a café.
INTERACTIVE ENTERTAINMENT CENTRE
TO PRESENT THE HISTORY OF THE HUNGARIAN ECONOMY
Our mission is to break down taboos about money and about how the economy works. We will show that money is much more than coins and banknotes put together: “this is the only system built on trust and created by people that any two people can use to cooperate”. The economy is a logical system that is understandable and comprehensible, and every person contributes to its functioning every day.
In order to improve financial awareness and financial literacy, the Magyar Nemzeti Bank will open a museum of money and bank history and create a modern visitor centre in this distinctive building to improve financial literacy.
The first experience centre in Hungary run by the central bank, the most innovative of its kind in Europe, is expected to open in two years. Experienced-based education is at the core of this new institution: in addition to the collection about the history of money, there will be creative and 21st century devices and interactive installations to present trends in domestic and international economic history.
The aim of the visitor centre is to make finance clear and comprehensible for wide audiences, especially students and young people, while offering impressive cultural experience and entertainment.
The institution will host both temporary and permanent, thematic exhibitions.
INFORMATION DISSEMINATION, ENTERTAINMENT AND EDUCATION
Banking, crisis, stock exchange, gold standard, monetary policy, commerce, market, capital. Wealth and abundance. Poverty and deficit. Needs and economic goods. We hear and use these concepts every day, yet only a few of us could explain what they really mean. We have reinvented and dusted off the concept of museums: we will present a part of our everyday life we know little about, yet we are part of it every day, and even do it every day. We will make the invisible visible, and we will make what you should know about the economy easy to comprehend. This space will not be built for visitors, but for users who will not be simply spectators here but will take active part in the exhibition.
It is crucial that our children should make wise financial decisions, and it is also essential that we, adults, can provide adequate answers when they ask us questions. The Money Museum will be more than just a new programme to enjoy in Budapest: it will support everyone in public education, students and teachers alike, with financial education. Once the place is opened, the training centre of the Money Compass Foundation will move here to have a permanent venue finally, and educational institutions can have guest classes in its lecture halls and classrooms.
CAFÉ AND COIN SHOP
If you want to have a nice chat after this great experience, spend some time in the cosy reading corner or the café. Books will be provided by the “BookPoint” of Pallas Athéné Books. If you would like to buy a commemorative coin, our experts at the coin shop will be happy to assist you. All of that will be in one place!
Join our community, and you can already enjoy the programmes of the Money Museum!