Swiss franc
Overview
Currency
In economics, currency refers to a generally accepted medium of exchange. These are usually the coins and banknotes of a particular government, which comprise the physical aspects of a nation's money supply...
and legal tender
Legal tender
Legal tender is a medium of payment allowed by law or recognized by a legal system to be valid for meeting a financial obligation. Paper currency is a common form of legal tender in many countries....
of Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
and Liechtenstein
Liechtenstein
The Principality of Liechtenstein is a doubly landlocked alpine country in Central Europe, bordered by Switzerland to the west and south and by Austria to the east. Its area is just over , and it has an estimated population of 35,000. Its capital is Vaduz. The biggest town is Schaan...
; it is also legal tender in the Italian exclave
Enclave and exclave
In political geography, an enclave is a territory whose geographical boundaries lie entirely within the boundaries of another territory.An exclave, on the other hand, is a territory legally or politically attached to another territory with which it is not physically contiguous.These are two...
Campione d'Italia
Campione d'Italia
Campione d'Italia is an Italian comune of the Province of Como in the Lombardy region, occupying an enclave within the Swiss canton of Ticino, separated from the rest of Italy by Lake Lugano and mountains...
. Although not formally legal tender in the German
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
exclave Büsingen
Büsingen
Büsingen am Hochrhein is a German town entirely surrounded by the Swiss canton of Schaffhausen and, south across the Rhine, by the cantons of Zürich and Thurgau. It has a population of about 1,450 inhabitants...
(the sole legal currency is the euro
Euro
The euro is the official currency of the eurozone: 17 of the 27 member states of the European Union. It is also the currency used by the Institutions of the European Union. The eurozone consists of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg,...
), it is in wide daily use there. The Swiss National Bank
Swiss National Bank
The Swiss National Bank is the central bank of Switzerland. It is responsible for Swiss monetary policy and for issuing Swiss franc banknotes.The names of the institution in the four official languages of the country are: ; ; ; ....
issues banknotes and the federal mint Swissmint
Swissmint
Swissmint is the official mint of the Swiss Confederation. It is responsible for manufacturing Swiss franc coins, both of the currency and bullion variety. Apart from making coins for the government, Swissmint also manufactures medals and commemorative coins for private customers.Swissmint is an...
issues coins
COinS
ContextObjects in Spans, commonly abbreviated COinS, is a method to embed bibliographic metadata in the HTML code of web pages. This allows bibliographic software to publish machine-readable bibliographic items and client reference management software to retrieve bibliographic metadata. The...
.
The Swiss franc is the only version of the franc
Franc
The franc is the name of several currency units, most notably the Swiss franc, still a major world currency today due to the prominence of Swiss financial institutions and the former currency of France, the French franc until the Euro was adopted in 1999...
still issued in Europe. The smaller denomination, a hundredth of a franc, is a Rappen
Rappen
A Rappen originally was a variant of the medieval Pfennig common to the Alemannic German regions Alsace, Sundgau and Northern Switzerland. As with other German pennies, its half-piece was a Haller, the smallest piece which was struck.Today, one-hundredth of a Swiss franc is still officially...
(Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh.
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