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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.
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]
During the Swiss Mediation period (1803–1814), Swiss currency reverted to a variety of cantonal francs. In the Restored Confederacy , from 1825, the western cantons (Bern, Basel, Fribourg, Solothurn, Aargau, Vaud) formed a "monetary concordate" ( Münzkonkordat ) for the unification of their currencies, producing a standardised Konkordatsbatzen .
ZURICH (Reuters) -The Swiss National Bank sold 5 million Swiss francs ($5.1 million) worth of foreign currency in market interventions in the second quarter of 2022, data on Friday showed, ending ...
Most traded currencies by value Currency distribution of global foreign exchange market turnover [1. Currency ISO 4217 code Symbol or ... Swiss franc: CHF: Fr., fr. 4.9%:
These foreign-currency deposits are the financial assets of the central banks and monetary authorities that are held in different reserve currencies (e.g., the U.S. dollar, the euro, the pound sterling, the Japanese yen, the Swiss franc, the Indian rupees and the Chinese renminbi) and which are used to back its liabilities (e.g., the local ...
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 ).
All de facto present currencies in Europe, and an incomplete list of the preceding currency, are listed here. In Europe, the most commonly used currency is the euro (used by 26 countries); any country entering the European Union (EU) is expected to join the eurozone [ 1 ] when they meet the five convergence criteria. [ 2 ]