CHF(Swiss Franc)-About Swiss Franc:
CHF is the Swiss (Switzerland) as legal tender.
Swiss francs issued by the Swiss central bank. Also Liechtenstein (Liechtenstein) legal tender, ISO 4217 currency code CHF.
CHF - Introduction
CHF is the Swiss (Switzerland) the legal tender issued by the Swiss central bank. Also Liechtenstein (Liechtenstein) legal tender, ISO 4217 currency code CHF. CHF is a hard currency. Switzerland's most neighboring countries using the euro. Switzerland also shops, body movement euros.
1 franc = 100 centimes (centime or German Rappen)
To January 1, 2005, 1 Swiss franc equivalent to $ 0.858101 and 0.646289 euros.
To March 20, 2008, 1 Swiss franc equivalent to $ 1.
CHF - Development1848 Swiss Constitution gives the federal government issued currency responsibilities, and before that, each state has issued its own currency and its own monetary system. Franc in 1850 was adopted as the legal currency of Switzerland, and to determine the 1 franc = 100 centimes (centime or German Rappen). Swiss franc was established as the national currency, its value and the French franc equivalent.
Although the Federation is the sole issuer francs, but in 1910, private banks were allowed to issue their own banknotes. Swiss National Bank established in 1907, and since 1910 has been the sole issuer of banknotes and coins.
Swiss franc in the last century has been the most stable currency, and for a long period of time be regarded as a safe haven currency, the Swiss are almost always zero inflation, and currency is backed 40% of gold reserves.
20 francs (2004 edition) issued by the Bank is currently the seventh set of notes, denominations of 10, 20, 50, 100, 200 and 1000 francs. Switzerland notes there are many copy protection features, is extremely difficult and may even be unable to imitation.
Held in November 2005, the new series of Swiss banknotes design competition, Manuela Pfrunder design ranked second, while Manuela Pfrunder modified especially for new series banknotes. February 23, 2007, the Swiss National Bank Council held a special meeting on the new Swiss banknotes program for research. The meeting decided in accordance with the recommendation of the financial management of the Swiss female designers Manuela Pfrunder design work for further improvement. And in mid-2008, at least one denomination banknotes can have production conditions.
First issued in 1976, before the sixth set of notes will not be honored, but in 2020 can also be redeemed by the Swiss National Bank. The fifth set of notes is not redeemable and has no value, its only value is the collection. In 2000, the fifth set of worthless, about 244 million francs have yet to materialize. Since 1880, most of the coins design has not changed, in addition to metal components.
Swiss franc - Coins
Swiss franc coins in denominations of 1, 5, 10, 20, 50 centimes and 1, 2, 5 francs. 1 centimes coin actually is not in use. In 2005 the Government said due to high manufacturing costs, consider removing 1 centimes and 5 centimes coins in circulation, but because of public opposition and concerns inflation, the final decision in February 2006 only to cancel an centimes coins in circulation. There is also a past 2 centimes coin, but in 1974 they were no longer a legal coin. Now 5 centimes coin denominations to become the smallest currency unit of CHF, but made a 5 centimes coin worth spending 6 centimes, the cost much higher than the face value of 1 centimes. In recent years, become citizens of the Swiss Federal Department of Finance and the focus of debate.
CHF - notes
CHF 10 (1973 edition) has a unique print of CHF, that is composed of corrugated line deep gravure people like to use to form a fine network of corrugated horizontal, parallel changes in the thickness and height of the bright area and the portrait show dark area, the vertical lines were observed and separated them printed space portrait shows the normal image display, tilt observation, high white lines cover the gap, the dark area becomes dense, portrait into a dark, four white security lines clearly apparent. Central bank notes using blue fluorescent ink; to cleverly hidden in the printed pattern floral pattern.
New series of Swiss banknotes with a bright color, design and print work are fine. The layout and security technology has changed dramatically, the horizontal to vertical edition version, was left by the letters "AH" into a domain security measures are: the watermark as positive portrait; is windowed security thread; money the top of the "10" shape of the Indian; middle positive dynamic hologram, the hologram figures within the denomination; the front middle of the geometry within the compact edition text; violet fluorescent lamp filaments and denomination numbers, positive portrait of the half reflective.
$ 10 notes for the Swiss-born architect Le Corbusier's head, although his major construction activities occurred outside Switzerland. $ 100 bank notes for the Jekyll sculptor Giacometti and his work. 1000 yuan notes for the cultural historian Jacob Burckhardt.
Swiss franc - interest rates
Swiss central bank had kept its benchmark interest rate unchanged at 0.25%. The central bank also pointed out that the financial market tensions, increased downside risks to economic growth, will take all measures to ensure price stability, and is expected to Swiss GDP growth of 2% in 2010, the inflation rate was 0.9%.
Analysts pointed out that the Swiss central bank did not release a signal to stop the appreciation of the Swiss franc, the dollar / Swiss franc from 1.1316 rapid decline, hit an intraday low of 1.1231; EUR / CHF has fallen rapidly from 1.3876, reaching 1.3782 intra-day low .
