NotesExternal link in Switzerland come in 10, 20, 50, 100, 200 and 1,000 denominations, with coinsExternal link minted in .05, .10, .20, .50, 1, 2, and 5 franc increments.
The Swiss franc is used as a reserve currency around the world. Euros can be used in some places in Switzerland such as border regions, tourist areas and airports – although vendors are not obliged to take them. Some larger shops and restaurants may also accept euros. Change is typically given in francs.
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Swiss National Bank scraps exchange rate ceiling
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“This exceptional and temporary measure protected the Swiss economy from serious harm,” the SNB said in a statement on Thursday. “While the Swiss franc is still high, the overvaluation has decreased as a whole since the introduction of the minimum exchange rate. The economy was able to take advantage of this phase to adjust to…
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The Swiss Federal Mint’s origins go back to 1848, when the modern Swiss state was founded, and the prerogative of coinage passed from the cantons to the Confederation. The introduction of the Swiss franc, considered one of the world’s strongest currencies, also took place then. Since then, Swissmint, which is based in the capital Bern,…
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.