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New museum to open in Budapest’s Postapalota


  • Bartha Dorka

12/09/2018 12.32pm

Almost a century it was unveiled, the imposing building overlooking Széll Kálmán tér will be transformed into the Museum of Finance and Banking History. Due to open in 2020, this interactive visitor centre will showcase the economic processes for a better understanding of these concepts. Initial designs are already posted up on the museum’s new website.

The Postapalota (‘Post Palace’), as it is known to locals, has already suffered several twists of fate. Built in 1924, the country's first office building with Art Nouveau detail managed to survive the 20th century. It had been empty for decades when an investment company bought it in 2016 and started monumental renovations.

After a series of delays, this landmark created by Gyula Sándy was bought by the National Bank of Hungary for 14 billion forints in the summer of 2018. According to the latest plans, one of its departments will also move here.

The public can also broaden their knowledge of economic matters when the Museum of Finance and Banking History opens here in 2020. The exhibition will touch on banking, financial crises, the stock market, the gold standard, monetary policy, trade and capital. In addition, there will be a gift shop with coins and books.

So far, there has been no information about the tower due to be placed in one corner, a feature of the original plans for the rebuild.

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