The Swiss Franc, denoted by the currency code CHF, is the official currency and legal tender of Switzerland and Liechtenstein. It is also recognized as legal tender in the Italian exclave of Campione d’Italia, which is surrounded by Swiss territory. The Swiss National Bank (SNB) is responsible for issuing banknotes, while Swissmint is responsible for issuing coins.
Key Facts
- CHF is the currency code for the Swiss Franc, which is the currency and legal tender of Switzerland and Liechtenstein.
- The Swiss Franc is also used as legal tender in the Italian exclave of Campione d’Italia, which is surrounded by Swiss territory.
- The Swiss National Bank (SNB) is responsible for issuing banknotes, while Swissmint is responsible for issuing coins.
- The Swiss Franc is divided into subunits called Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh.
- The currency is commonly symbolized as Fr. in German and fr. in Latin languages.
- The ISO 4217 currency code for the Swiss Franc is CHF, which stands for Confoederatio Helvetica Franc.
- The Swiss Franc is widely used in Switzerland and Liechtenstein for everyday transactions, and it is also recognized internationally.
Subunits of the Swiss Franc
The Swiss Franc is divided into subunits called Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh. These subunits are used for smaller transactions and are commonly used in everyday life in Switzerland and Liechtenstein.
Symbolism and ISO Code
The Swiss Franc is commonly symbolized as Fr. in German and fr. in Latin languages. However, according to ISO 4217, the international standard for currency codes, the official currency code for the Swiss Franc is CHF. CHF stands for Confoederatio Helvetica Franc, which is the Latin name for the Swiss Confederation.
Usage and Recognition
The Swiss Franc is widely used in Switzerland and Liechtenstein for everyday transactions, including purchases, payments, and financial activities. It is also recognized internationally and is often used in global trade and financial transactions. The stability and strength of the Swiss Franc have contributed to its widespread acceptance and usage.
Conclusion
The Swiss Franc, with the currency code CHF, is the official currency of Switzerland and Liechtenstein. It is divided into subunits called Rappen, centime, centesimo, and rap. The currency is symbolized as Fr. in German and fr. in Latin languages, and its ISO 4217 code is CHF. The Swiss Franc is widely used in Switzerland and Liechtenstein and is also recognized internationally, making it a significant currency in global trade and financial transactions.
FAQs
What is the currency code for the Swiss Franc?
The currency code for the Swiss Franc is CHF, which stands for Confoederatio Helvetica Franc.
What is the official currency of Switzerland and Liechtenstein?
The Swiss Franc (CHF) is the official currency and legal tender of Switzerland and Liechtenstein.
Where else is the Swiss Franc used as legal tender?
The Swiss Franc is also recognized as legal tender in the Italian exclave of Campione d’Italia, which is surrounded by Swiss territory.
What are the subunits of the Swiss Franc?
The Swiss Franc is divided into subunits called Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh.
What is the symbol for the Swiss Franc?
The Swiss Franc is commonly symbolized as Fr. in German and fr. in Latin languages.
Why is the currency code CHF used?
The ISO 4217 standard establishes internationally recognized codes for currencies to enable clarity and reduce errors. CHF is the official currency code for the Swiss Franc as defined by ISO 4217.
How is the Swiss Franc used in everyday transactions?
The Swiss Franc is widely used in Switzerland and Liechtenstein for everyday transactions, including purchases, payments, and financial activities. It is also recognized internationally and is often used in global trade and financial transactions.
What is the significance of the Swiss Franc?
The Swiss Franc is a stable and strong currency, which has contributed to its widespread acceptance and usage. It is a significant currency in global trade and financial transactions and is recognized internationally.