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The Swiss franc, [c] or simply the franc, [d] is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. [ 12 ]
The official exchange rate with the cantonal concordate currency was seven Batzen to one franc. The first coins of the Swiss franc were minted in Paris, Brussels and Strasbourg, until the former cantonal mint of Bern was made ready to begin production as federal mint. The batch of coins produced in 1850 and 1851 was insufficient, and the ...
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).
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.
As investors turn to the Swiss franc as an alternative to Japan's yen to fund carry trades, the risk of the currency staging one of its rapid rallies remains ever present. The Swiss franc has long ...
In Europe, the euro is used in 26 countries (including Kosovo), while the Swiss franc is used in two countries. All 23 other widely recognized states each have their own national currency. Among the states with limited recognition, Transnistria uses the Transnistrian ruble and Abkhazia uses the Abkhazian apsar.
The Swiss franc (plural: francs; in German: Frank, plural: Franken) has been the currency of Liechtenstein since 1920. The Swiss franc is legal tender since Liechtenstein is in a customs and monetary union with Switzerland. The 1980 treaty between Switzerland and Liechtenstein allows Liechtenstein to mint limited amounts of Swiss francs with a ...
The Swiss franc, despite gaining ground among the world's foreign-currency reserves [44] and being often used in denominating foreign loans, [45] cannot be considered as a world reserve currency, since the share of all foreign exchange reserves held in Swiss francs has historically been well below 0.5%.
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