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The currencies of the Swiss cantons were converted to Swiss francs by first restating their equivalents in German kronenthaler (écu brabant) of 25 + 5 ⁄ 7 grams fine silver, and then to Swiss francs at the rate of 7 écu brabant = 40 Swiss francs. The first franc worth 1 ⁄ 4 th the French écu was converted at 1.4597 Swiss francs. [21]
The old Swiss franc of the Helvetic Republic was also known as livre suisse ('Swiss pound'), and the colloquial name Fünfliber of the 5 franc coin retains the denomination livre 'pound'. [ 5 ] The original 5 francs coin of 1850/1851, 1855 , and 1873/1874 was 25.0 grams of 90% silver.
The ninth series of the Swiss franc, currently in circulation. As of 2022, the Swiss 1000-franc banknote is the world's 2nd highest value currently-issued banknote, after the Brunei $10,000 bill (worth around 6,900 Swiss francs in 2022), followed by the Singapore $1,000 note (worth around 678 CHF) and the 500 euro note (worth around 490 CHF), was demonetised.
The Swiss franc is a major world currency today due to the prominence of Swiss financial institutions. Before the introduction of the euro in 1999, francs were also used in France, Belgium and Luxembourg, while Andorra and Monaco accepted the French franc as legal tender ( Monégasque franc ).
Swiss authorities orchestrated the takeover of Credit Suisse last year, allowing UBS to buy its competitor for 3 billion Swiss francs ($3.3 billion) and creating what critics dubbed a "monster ...
These coins had face values of 10, 20 and 100 Swiss francs and were minted in a millesimal fineness of 900. The coins are sometimes colloquially called “Swiss Miss,” from the obvious obverse motif. [citation needed] The 20 franc coin's reverse shows the Swiss shield, featuring the Swiss Cross, and a wreath of oak along with the denomination ...
Switzerland's Federal Council has approved a 100 million Swiss franc ($109.57 million) package to demine parts of Ukraine, the government said on Friday. "A total of CHF 100 million will be ...
ZURICH (Reuters) -A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 ...