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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.
Swiss German (one selection, terms vary in different dialects):; Füfräppler for a 5 centimes coin; Zëhräppler for a 10 centimes coin; Zwänzgräppler for a 20 centimes coin; [1] Stutz [2] or Franke [3] for a 1 franc coin or change in general; Füüfliiber for a 5 francs coin; [4] Rappe and Batze are specifically used for coin below 1 franc, but also figuratively for change in general [5] [6]
The SNB continued its policy of currency intervention to prevent excessive appreciation of the Swiss franc (CHF), particularly in the context of the European debt crisis. Reserves surged to over $800 billion by 2014 as the SNB purchased large amounts of foreign currencies to stabilize the franc. In 2015, the SNB shocked markets by abandoning ...
The Swiss franc (ISO code: CHF or 756; German: Franken; Italian: franco), which appreciated significantly against the new European currency from April to September 2000, remains one of the world's strongest currencies, worth as of August 2023 just over one euro. The Swiss franc is used in Switzerland and in Liechtenstein.
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%.
Gold coins: In 1991, a commemorative gold coin with nominal value of 250 francs was issued on the occasion of the 700 years anniversary of the foundation of the Old Swiss Confederacy. During 1998–2000, commemorative gold coins have been issued with a nominal value 100 francs. Beginning in 2001, nominal values of 50 francs were issued instead ...
The Swiss National Bank provided 1.2 billion CHF to the Reichsbank. Of this, a value of approximately 780 million CHF of the gold given to the National Bank was gold which had been looted by the forces of Germany. In addition the National Bank also exchanged between 1.2 and 1.6 billion CHF for gold from the Allied forces. [11]
On January 15, 2015, the SNB suddenly announced that it would no longer hold the Swiss Franc at the fixed exchange rate with the euro it had set in 2011. The franc soared in response; the euro fell roughly 40 percent in value in relation to the franc, falling as low as 0.85 francs (from the original 1.2 francs). [20]