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The Swiss franc is the national and only official currency of Switzerland. Introduced in 1850, the Swiss franc (CHF) is the official currency of Switzerland, Liechtenstein and the Italian exclave of Campione d'Italia, and is the only franc remaining in Europe.
The central bank of Switzerland, Swiss National Bank (SNB), issues the Swiss franc banknotes, which come in six denominations: 10 francs, 20 francs, 50 francs, 100 francs, 200 francs and 1,000 francs. The Swiss franc, ranked as the seventh most traded currency in the world, has gained in popularity mainly due to being a safe-haven currency. Therefore, many governments and financial institutions hold CHF as a hedge against instability in many types of investments and markets.
ISO Code: CHF
Issued By: Swiss National Bank
Highest Denomination: CHF 1000
Banknotes: 1000,200,100,50,20,10
Subunit: Rappen
Material: Substrate (Polymer+Paper)
Value (As on 16/04/2022): 1 CHF = INR 80.94 and 1 INR = CHF 0.012
Facts about the Swiss Franc Banknotes:
1. The Swiss Franc Is One of the Most Secure Banknotes:
Switzerland has one of the most forgery-proof banknotes globally due to the high production standards employed in making the banknotes.
2. The Swiss Franc Is The Only Franc Left in Europe
Switzerland is the only country that still issues and uses francs in Europe.
3. The Official Swiss Franc Was Established in 1850
The official Swiss franc that we know today, though, was only introduced in 1850 due to the majority of the money circulating until then being foreign.
4. Switzerland Has Six Banknotes
The latest (9th) series of Swiss banknotes issued six banknotes: the 10-franc note together with the 20, 50, 100, 200, and the largest 1000-franc note. The 1000-franc note was issued in March 2019 and is among the highest value banknotes in the world.
5. There Are Seven Coins in Circulation
The current coins in circulation are 5, 10, 20, and 50-centime coins and 1, 2, and 3-franc coins.
6. The Franc is an Official Currency in Three Countries
The Swiss Franc is the official currency and legal tender in Switzerland and Liechtenstein, as well as it is also legal tender in the Italian exclave of Campione d’Italia. Some cantons accept Euros for certain payments, but they will return your change in Swiss francs.
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Last updated on 16/04/2022
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