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Basic Data:

  • Country ISO Code: CH

  • Official Language: German

  • Language ISO Code: de

  • Current Official Currency: Swiss Franc

  • Current Currency ISO Code: CHF

Complete Financial History of the Swiss Franc:

Swiss Franc (CHF) – Current Official Currency

  • Currency ISO Code: CHF

  • Designs / Symbols: Coins feature the Swiss coat of arms, the Swiss cross, and alpine motifs; banknotes depict cultural, scientific, and historical Swiss figures and bear signatures of the Swiss National Bank’s president and vice president. Common symbols include "Fr.", "SFr.", and "CHF".

  • Singular Name: Franken

  • Plural Name: Franken

  • Monetary Subdivision: 1 Franken = 100 Rappen

  • Fraction Name Singular: Rappen

  • Fraction Name Plural: Rappen

  • Initial Production Date: 1850

  • End Production Date: still in circulation

  • Initial Circulation Date: 1850

  • End Circulation Date: still in circulation

  • Mint: Swissmint (Eidgenössische Münzstätte), Bern

  • Issuing Bank: Swiss National Bank (Schweizerische Nationalbank)

  • Coin Denominations Currently Minted: 5, 10, 20 Rappen; ½, 1, 2, and 5 Franken

  • Banknote Denominations Currently Issued: 10, 20, 50, 100, 200, and 1,000 Franken

Historical and Economic Context:

  • Prior to the Swiss franc’s introduction, Switzerland had over 800 different coins and banknotes circulating, minted by about 75 different entities, causing monetary confusion.

  • The Swiss franc was first introduced in 1798 by the Helvetic Republic but became the sole legal tender nationwide only in 1850, replacing all previous currencies.

  • The 1848 Swiss Federal Constitution centralized the right to issue currency exclusively to the federal government.

  • The Federal Coinage Act of May 7, 1850, formally established the Swiss franc as the national currency, initially pegged at 4â…“ French francs.

  • Switzerland joined the Latin Monetary Union in 1865, linking its currency to a gold and silver standard until the union dissolved in the 1920s.

  • The Swiss franc was devalued by about 30% during the Great Depression in 1936.

  • From 1945, the franc was pegged to the US dollar under the Bretton Woods system until 1975, when Switzerland adopted a floating exchange rate.

  • The Swiss franc is renowned for its stability, low inflation, and status as a safe haven currency during political and economic crises worldwide.

  • Switzerland’s neutrality and strong financial institutions contribute to the franc’s global reputation and investor confidence.

Mint and Production Details:

  • Swissmint, located in Bern since 1906, is responsible for minting circulation and commemorative coins, as well as authenticating and recycling coins.

  • Early coins were minted abroad in Paris, Strasbourg, and Brussels before Swissmint was established.

Commemorative Coins and Curiosities:

  • Swissmint issues commemorative gold and silver coins celebrating national events, personalities, and cultural heritage.

  • The Swiss franc is also legal tender in Liechtenstein and the Italian exclave of Campione d’Italia.

Current Circulation Status:

  • The Swiss franc remains the official currency of Switzerland and is in active circulation.

Issuing Authority:

  • The Swiss National Bank is the sole authority for issuing banknotes and managing monetary policy.

Summary of Coins and Banknotes Currently in Circulation:

TypeDenominations in Circulation
Coins 5, 10, 20 Rappen; ½, 1, 2, 5 Franken
Banknotes 10, 20, 50, 100, 200, 1,000 Franken
 

This report outlines the Swiss franc’s history from its introduction in 1850 to its current status as a stable, internationally respected currency, highlighting its production, economic context, and role as a safe haven asset.

  1. https://www.cash4coins.co.uk/the-history-swiss-currency/
  2. https://en.wikipedia.org/wiki/Swiss_franc
  3. https://www.oanda.com/currency-converter/en/currencies/majors/chf/
  4. https://corporatefinanceinstitute.com/resources/foreign-exchange/swiss-franc-chf/
  5. https://studyinginswitzerland.com/swiss-franc-facts/
  6. https://ggba.swiss/en/the-swiss-franc-an-indicator-of-the-countrys-general-stability/
  7. https://naga.com/en/currency/chf-swiss-franc
  8. https://www.bbva.ch/en/blog/sobre-bbva/sobre-suiza/franco-suizo-por-que-se-ha-ganado-el-titulo-de-activo-refugio.html

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