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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 legal currency is the euro), it is in wide daily use there; with many prices quoted in Swiss francs.
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 .
Today, one-hundredth of a Swiss franc is still officially called a Rappen in German and Swiss German and a rap in Romansh. In French -speaking Switzerland, the modern Swiss currency-unit is called a centime (pl. centimes ) and in Italian -speaking Switzerland, a centesimo (pl. centesimi ), respectively.
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]
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).
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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.
State Street Corp. (NYSE: STT) and Bank of New York Mellon Corp. (NYSE: BK) will begin charging depositors to hold Danish kroner and Swiss francs. The two custody banks will charge money managers ...