What is the currency of Switzerland
"Republic of Yugoslavia (1998), Myanmar (2000), Zimbabwe (2002), Uzbekistan (2006) and Belarus (2006). The currency of Switzerland is the Swiss franc. Switzerland (with Liechtenstein) is in the unusual position of being surrounded by countries that use the euro. As a result, the euro is ""de facto"" accepted in many places, especially near borders and in tourist regions. Swiss Federal Railways accept euros, both at ticket counters and in automatic ticket machines. Also many public phones, vending machines or ticket machines accept euro coins. Many shops and smaller businesses that accept euros take notes only, and give change in Swiss francs,"
"Swiss franc The franc (, French and Romansh: ""franc"", ; sign: Fr. or SFr.; code: CHF) is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave Campione d'Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins. The smaller denomination, a hundredth of a franc, is a ""Rappen"" (Rp.) in German, ""centime"" (c.) in French, ""centesimo"" (ct.) in Italian, and ""rap"" (rp.) in Romansh. The ISO code of the currency used by banks and financial institutions is CHF, although Fr. is also widely used by businesses"
"legal currency is the euro), it is in wide daily use there; with many prices quoted in Swiss francs. The Swiss franc is the only version of the franc still issued in Europe. As of March 2010, the total value of released Swiss coins and banknotes was 49.6640 billion Swiss francs. Combinations of up to 100 circulating Swiss coins (not including special or commemorative coins) are legal tender; banknotes are legal tender for any amount. Swiss franc The franc (, French and Romansh: ""franc"", ; sign: Fr. or SFr.; code: CHF) is the currency and legal tender of Switzerland and"
"Coins of the Swiss franc The coins of the Swiss franc are the official coins used in Switzerland and Liechtenstein. The name of the subunit is Centime in French, Rappen in German, Centisimo in Italian and Rap in Romansh. There are coins in denominations of 5 centimes, 10 centimes, 20 centimes, ½ franc (50 centimes), 1 franc, 2 francs and 5 francs. In the past, there were also coins of 1 and 2 centimes. The country's name is on all the coins as ""Confoederatio Helvetica"", the Latin name of the Swiss Confederation, or ""Helvetia"" specified. The oldest Swiss coins valid"
"found on some of the coins in Latin (""Confoederatio Helvetica""), as Switzerland has four official languages, all of which are used on the notes. The denomination is abbreviated ""Fr."" on the coins which is the abbreviation in all four languages. The Saar franc, linked at par to the French franc, was introduced in the Saar Protectorate in 1948. On 1 January 1957, the territory joined the Federal Republic of Germany, nevertheless, in its new member state of Saarland, the Saar franc continued to be the currency until 6 July 1959. The name of the Saar franc in German, the main"
"and advertisers; some use SFr. for ""Swiss Franc"" and to a lesser extent Fr.sv. The Latinate ""CH"" stands for Confoederatio Helvetica. Given the different languages used in Switzerland, Latin is used for language-neutral inscriptions on its coins. Before 1798, about 75 entities were making coins in Switzerland, including the 25 cantons and half-cantons, 16 cities, and abbeys, resulting in about 860 different coins in circulation, with different values, denominations and monetary systems. The local Swiss currencies included the Basel thaler, Berne thaler, Fribourg gulden, Geneva thaler, Geneva genevoise, Luzern gulden, Neuchâtel gulden, St. Gallen thaler, Schwyz gulden, Solothurn thaler, Valais"
"Belgian franc in Dutch, Belgium's other official language, was ""Belgische Frank"". As mentioned before, in Luxembourg the franc was called ""Frang"" (plural ""Frangen""). The Swiss franc (ISO code: CHF or 756), which appreciated significantly against the new European currency from April to September 2000, remains one of the world's strongest currencies, worth today around five-sixths of a euro. The Swiss franc is used in Switzerland and in Liechtenstein. Liechtenstein retains the ability to mint its own currency, the Liechtenstein franc, which it does from time to time for commemorative or emergency purposes. The name of the country ""Swiss Confederation"" is"
"for any amount. The sixth series of Swiss bank notes from 1976, recalled by the National Bank in 2000, is no longer legal tender, but can be exchanged in banks for current notes until April 2020. The Swiss franc is also the legal tender of the Principality of Liechtenstein, which is joined to Switzerland in a customs union. The Swiss franc is also the currency used for administrative and accounting purposes by most of the numerous international organisations that are headquartered in Switzerland. The New Taiwan dollar issued by the Central Bank of the Republic of China (Taiwan) is legal"
"Banknotes of the Swiss franc Banknotes of the Swiss franc are issued by the Swiss National Bank in denominations of 10, 20, 50, 100, 200 and 1,000 Swiss francs. Between 2016 and 2019, the eighth series (while remaining valid until further notice) is being replaced by the ninth series. The first banknotes in Switzerland were issued in 1825 by the ""Caisse de dépôt"" of the city of Bern. During the 19th century the cantons (states) of Switzerland had the right to print their own notes. Following the law of 8 March 1881 the Swiss National Bank had the exclusive right"
"coins of the years 1881–1938 have been withdrawn from circulation because machines cannot detect them. Today, all the coins except the 5 centime coin (aluminum-bronze since 1981) are in a copper-nickel (cupronickel) alloy. Seven coins (1995) are currently in circulation: Coins of the Swiss franc The coins of the Swiss franc are the official coins used in Switzerland and Liechtenstein. The name of the subunit is Centime in French, Rappen in German, Centisimo in Italian and Rap in Romansh. There are coins in denominations of 5 centimes, 10 centimes, 20 centimes, ½ franc (50 centimes), 1 franc, 2 francs and"
"1848 specified that the federal government would be the only entity allowed to issue money in Switzerland. This was followed two years later by the first Federal Coinage Act, passed by the Federal Assembly on 7 May 1850, which introduced the franc as the monetary unit of Switzerland. The franc was introduced at par with the French franc. It replaced the different currencies of the Swiss cantons, some of which had been using a franc (divided into 10 ""batzen"" and 100 ""centimes"") which was worth 1.5 French francs. In 1865, France, Belgium, Italy, and Switzerland formed the Latin Monetary Union,"
"of the newly independent Cantons of Switzerland now minted their own, localised versions of decimal franc, batzen, and rappen currencies, until Switzerland was again politically unified in 1848 and the modern Swiss franc was issued to replace the local currencies in the Federal Coinage Act of 1850. Two-rappen coins were struck until 1974 and withdrawn from circulation in 1978, one-rappen coins continued to be struck until 2006 and were demonetised in 2007, long after they had fallen out of daily use. The 5-, 10-, and 20-rappen coins are currently in circulation, while the ""füfzgi"" is officially not a 50-rappen coin,"
"would start being issued in April 2016. The first denomination to be released was the 50-franc note, which was first issued on 12 April 2016; the new 20-franc banknote followed on 17 May 2017, and the new 10-franc banknote on 18 October 2017. The 200 franc note's was released on 15 August 2018. The final two notes will follow in 2019. The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein and also legal tender in the Italian exclave of Campione d'Italia. Although not formally legal tender in the German exclave of Büsingen am Hochrhein (the sole"
"its short history, however the European sovereign debt crisis has partially eroded that confidence. The Swiss franc (CHF) has long been considered a hard currency, and in fact was the last paper currency in the world to terminate its convertibility to gold. In the summer of 2011, the European sovereign debt crisis led to rapid flows out of the euro and into the franc by those seeking hard currency, causing the latter to appreciate rapidly. On September 6, 2011, the Swiss National Bank announced that it would buy an ""unlimited"" number of euros to fix an exchange rate at 1.00"
"in the top five. In 2013 the mean household income in Switzerland was CHF 120,624 (c. USD 134,000 nominal, USD 101,000 PPP), the mean household income after social security, taxes and mandatory health insurance was CHF 85,560 (c. USD 95,000 nominal, USD 72,000 PPP). The OECD lists Swiss household gross adjusted disposable income per capita USD 32,594 PPP for 2011. As of 2016, Switzerland had the highest average wealth per adult, at $561,900. This development was tied to the exchange rate between the US Dollar and the Swiss franc, which caused capital in Swiss francs to more than double its"
"Swiss National Bank The Swiss National Bank (SNB) is the central bank of Switzerland, and is therefore responsible for the monetary policy of the nation of Switzerland and also for the issuing of Swiss franc banknotes. The bank is otherwise known as: ; ; ; , which are the four official languages of the country. The SNB is an ""aktiengesellschaft"" under special regulations, and has two head offices, one is in Bern and the other one in Zurich. The bank formed as a result of the need for a reduction in the number of banks of issue, which numbered 53"
"in which they agreed to value their national currencies to a standard of 4.5 grams of silver or 0.290322 grams of gold. Even after the monetary union faded away in the 1920s and officially ended in 1927, the Swiss franc remained on that standard until 1936, when it suffered its sole devaluation, on 27 September during the Great Depression. The currency was devalued by 30% following the devaluations of the British pound, U.S. dollar and French franc. In 1945, Switzerland joined the Bretton Woods system and pegged the franc to the US dollar at a rate of $1 = 4.30521"
"OECD lists Swiss household gross adjusted disposable income per capita USD 32,594 PPP for 2011. As of 2016, Switzerland had the highest average wealth per adult, at $561,900. This development was tied to the exchange rate between the US Dollar and the Swiss franc, which caused capital in Swiss francs to more than double its value in dollar terms during the 2000s and especially in the wake of the financial crisis of 2007–2008, without any direct increase in value in terms of domestic purchasing power. Switzerland has a relatively high Gini coefficient of 0.8, similar to the US, indicating unequal"
"and SFr 29 Swiss francs. The basic unit, the ""speso"" (from Italian ""spesa"" or German ""Spesen""; ""spesmilo"" is Esperanto for ""a thousand pennies""), was purposely made very small to avoid fractions: (on 19 January 2014) US$0.033 or 3.3¢, UK£0.022, Russia ₽2.137 and Switzerland SFr 0.029. The spesmilo character, called ""spesmilsigno"" in Esperanto, is a monogram of a cursive capital ""S"", from whose tail emerges an ""m"". The currency sign is often typeset as the separate letters ""Sm"". The character has been assigned the Unicode code point and is included in Unicode version 5.2. Spesmilo The spesmilo (pronounced , plural spesmiloj"
"to issue banknotes in Switzerland. Its first notes were issued in 1907. Since then, nine series of Swiss franc notes have been printed, six of which have been completely released for use by the general public, and a new series started being released in 2016. Switzerland is unusual among affluent countries in that it expires its banknotes; the Swiss National Bank has declared several older series of banknotes to be no longer legal tender some time after introducing newer series. Notes from these ""recalled"" series can be exchanged for still-valid notes at the National Bank for up to 20 years"
"coins for 5, 10, 20 and 40 batz and 1 franc. Vaud franc The franc was the currency of the Swiss canton of Vaud between 1798 and 1850. It was subdivided into 10 ""batz"", each of 10 ""rappes"". The usual price unit was the Batz. The Frank was the currency of the Helvetian Republic from 1798. The Helvetian Republic ceased issuing coins in 1803. Vaud issued coins between 1804 and 1834. In 1850, the Swiss franc was introduced, with an exchange rate of 1 Swiss Franc = 7 Batz ( Swiss francs = 1 Vaud franc). Billon coins were issued"
"Zürich frank The Frank was the currency of the Swiss canton of Zürich between 1798 and 1850. It was subdivided into 10 ""Batzen"", each of 10 ""Rappen"", with 3 ""Heller"" to the Rappen and 4 Rappen to the ""Schilling"". The Frank was the currency of the Helvetian Republic from 1798. The Helvetian Republic ceased issuing coins in 1803. Zürich issued coins between 1806 and 1848. In 1850, the Swiss franc was introduced, with Swiss francs = 1 Zürich Frank. Billon coins were issued in denominations of 1 and 2 Rappen, with the 1 Rappen initially denominated as 3 Haller. Silver"
"usually at a less favourable exchange rate than banks. Many bank cash machines issue euros at the traded exchange rate as well as Swiss francs. On 6 September 2011, the Swiss franc effectively became fixed against the euro: the Franc had always floated independently until its currency appreciation became unacceptable during the eurozone debt crisis. The Swiss National Bank set an CHF/EUR peg that involved a minimum exchange rate of 1.20 francs to the euro, with no upper bound in place. The Bank committed to maintaining this exchange rate to ensure stability. The peg was abandoned on 15 January 2015,"
"Schwyz frank The Frank was the currency of the Swiss canton of Schwyz between 1798 and 1850. It was subdivided into 10 ""Batzen"", each of 10 ""Rappen"" (also spelled ""Rapen"") or 20 ""Angster"". The Frank was the currency of the Helvetian Republic from 1798, replacing the Gulden in Schwyz. The Helvetian Republic ceased issuing coins in 1803. Schwyz issued coins between 1810 and 1846. In 1850, the Swiss franc was introduced, with Swiss francs = 1 Schwyz Frank. Copper coins were issued in denominations of 1 Angster and 1 Rappen, with billon coins for 2 Rappen, and 2 Batzen, and"
"silver 4 Batzen. Schwyz frank The Frank was the currency of the Swiss canton of Schwyz between 1798 and 1850. It was subdivided into 10 ""Batzen"", each of 10 ""Rappen"" (also spelled ""Rapen"") or 20 ""Angster"". The Frank was the currency of the Helvetian Republic from 1798, replacing the Gulden in Schwyz. The Helvetian Republic ceased issuing coins in 1803. Schwyz issued coins between 1810 and 1846. In 1850, the Swiss franc was introduced, with Swiss francs = 1 Schwyz Frank. Copper coins were issued in denominations of 1 Angster and 1 Rappen, with billon coins for 2 Rappen, and"
"May 1985. However, no-one is obliged to accept more than 25 coins of each denomination (of which currently 1, 5, 10 and 20 NOK denominations are in common circulation). Singapore and Brunei have a Currency Interchangeability Agreement since 12 June 1967. Under the agreement, Singapore dollar and Brunei dollar are exchangeable at par without charge in both countries. As such, the currency of one country is accepted in the other country as ""customary tender"". The Swiss franc is the only legal tender in Switzerland. Any payment consisting of up to 100 Swiss coins is legal tender; banknotes are legal tender"
"Vaud franc The franc was the currency of the Swiss canton of Vaud between 1798 and 1850. It was subdivided into 10 ""batz"", each of 10 ""rappes"". The usual price unit was the Batz. The Frank was the currency of the Helvetian Republic from 1798. The Helvetian Republic ceased issuing coins in 1803. Vaud issued coins between 1804 and 1834. In 1850, the Swiss franc was introduced, with an exchange rate of 1 Swiss Franc = 7 Batz ( Swiss francs = 1 Vaud franc). Billon coins were issued in denominations of 1 and rappes, and 1 batz, with silver"
"no fluctuations allowed around the central rate. This can be seen as a safety measure, especially for currencies of areas with weak economies. The euro is seen as a stable currency, i.e., there are no dramatic appreciations or depreciations of its value that might suddenly damage the economy or harm trade. Thus it provides security to traders and people holding that currency. In 2011 the Swiss franc was rapidly appreciating against the euro, harming its exports to the eurozone. In response, Switzerland implemented a cap to the Swiss franc's value. This was not so much a peg, as they were"
"Ticinese franco The Ticinese franco (plural: ""franchi"") was the currency of the Swiss canton of Ticino between 1813 and 1850. It was subdivided into 20 ""soldi"" (singular: ""soldo""), each of 12 ""denari"" (singular ""denaro""), similar to the British pounds, shillings and pence system. The frank was the currency of the Helvetian Republic from its establishment in 1798, but ceased issuing coins in 1803. Ticino introduced the franco, equivalent to the frank, in 1813 and issued coins until 1845. In 1850, the Swiss franc was introduced across the whole country, to the value of Swiss francs to 1 Ticino franco. Copper"
"translate the name of Switzerland in the four national languages, Latin is used on the coins of the Swiss franc (""Helvetia"" or ""Confoederatio Helvetica"") and on Swiss stamps (""Helvetia""). The country code top-level domain for Switzerland on the internet is .ch, the abbreviation of the Latin name, ""Confoederatio Helvetica"" (Swiss Confederation); similarly, the International vehicle registration code for Swiss automobiles is ""CH"". The Federal Palace of Switzerland bears the inscription ""Curia Confoederationis Helveticae"". To have a unique name across the country (without favoring German or English), several Swiss foundations and associations have Latin names, such as Pro Helvetia, Pro Infirmis,"
"Iraqi Swiss dinar The Swiss dinar was the Iraqi currency in circulation prior to the 1990 Gulf War. The reason for the adjective ""Swiss"" is unknown, but there are two possible explanations. The first possible explanation is that the printing plates for the currency came from Switzerland, although the notes were actually printed in the United Kingdom. After the war, subject to economic sanctions authorised by United Nations resolutions, continued importing of the ""Swiss"" notes was prohibited, and the Central Bank of Iraq began domestic printing of a new Iraqi dinar. The second possible explanation is that prior to the"
"coins were struck for 10 Schillinge, 8, 10, 20 and 40 Batzen. Zürich frank The Frank was the currency of the Swiss canton of Zürich between 1798 and 1850. It was subdivided into 10 ""Batzen"", each of 10 ""Rappen"", with 3 ""Heller"" to the Rappen and 4 Rappen to the ""Schilling"". The Frank was the currency of the Helvetian Republic from 1798. The Helvetian Republic ceased issuing coins in 1803. Zürich issued coins between 1806 and 1848. In 1850, the Swiss franc was introduced, with Swiss francs = 1 Zürich Frank. Billon coins were issued in denominations of 1 and"
"of the Vatican are regarded as a ""house police"" and not as an army.) ""Prices in Swiss Francs (CHF) as of 24 January 2017 "" Temporary passports issued by the Federal Police at airports incur an additional fee of CHF 50. Swiss passport A Swiss passport is the passport issued to citizens of Switzerland to facilitate international travel. For travel within Europe, Swiss citizens can use an identity card with few exceptions. The first Swiss passports were issued on 10 December 1915. The characteristic red Swiss passport was created in 1959. Until 1985 the Swiss passport included only the national"