Ah Swiss, the land known for its beautiful landscapes, tasty cheese, and high-quality chocolate. But what else makes the country so unique? Well, the currency of course! Have you been wondering what currency does Swiss use? Read on to find out all the details you need to know about this interesting money system.
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What is the Currency of Switzerland?
The official currency of Switzerland is the Swiss Franc (CHF). Since the 19th century, the Swiss Franc has been a globally recognized currency, as it is backed by the countries’ strong economy and low inflation. Rather than having individual notes and coins, coins make up the bulk of the country’s legal tender by around 70%, while the remaining 30% consists of traditional notes.
What are the Notes and Coins Like?
The Swiss bank notes come in 7 different denominations - 10, 20, 50, 100, 200, 1000 and even 10,000 Francs (Which is hefty $10,000!). This range of notes keeps the currency more viable and user friendly to people visiting the country key at small expenditures.
When it comes to coins, these come in denominations of 5, 10 and 20 rappen coins, along with 1, 2 and 5 franc coins. The 5 franc coins in particular commemorate memorable moments and figures in Swiss history, making it a great souvenir for tourists!
Are There any “Extra Benefits” of Using Swiss Franc?
There sure are! Swiss Franc (CHF) is one of the top 10 most traded currencies in Europe. What this implies for you is that you can be sure of getting the best value for your money when you exchange it for Swiss Franc currency. Also, most foreign banks offer low service fees for Swiss Franc deposits and withdrawals.
Not to forget, the scenery is very beautiful all over Switzerland – so if you’re thinking of exchanging some of your money, then Switzerland is the place to do it!
Regardless of its dual status as an official and unofficial currency, the Swiss Franc remains an iconic part of Swiss culture and an important part of the country’s economy. With its multiple denominations and fascinating history, there’s something for everyone when it comes to Swiss currency – currency aficionados, casual travelers, and anyone looking for a keepsake or a souvenir.
So there you have it folks, answers to your burning questions on the wonderful currency of Swiss! Happy spending!