Tuesday, January 10, 2012

Swiss bankin: The Swiss Currency

Swiss franc is the official currency in:
- The Switzerland
- Liechtenstein
- Büsingen on the Upper Rhine (Germany)
- Campione d'Italia (Italy)
Banknotes were first issue of Business and Cantonal, 1907, the newly formed Swiss National Bank (SNB) as a central bank the sole right to issue bank notes (note monopoly). Immediately introduced the first series (interim notes) was still based on designs from abroad, complemented by Swiss emblem. 1909 Orell Füssli trialbanknotes printed for the SNB, which were prepared based on domestic and imported drafts of several printfrom 1911 by the National Bank as a second series. In the 1970s, with the sixth series of the security printingdivision of Orell Füssli sole printer of all Swiss banknotes.
Liechtenstein has never banknotes issued in Swiss francs and is based on the current Switzerland-Liechtenstein Currency Treaty no right. 2009 and 2010, foreign securities were purchased, the key rate waslowered in 2011 and increases the money supply. In September 2011, the SNB decided finally a minimum rate for the euro-Swiss franc.


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