Monday, 17 August 2020

Swiss Franc.....

The franc (German: Franken, French and Romansh: franc, Italian: franco; sign: Fr. (in German language), fr. (in French, Italian, Romansh languages), or CHF in any other language, or internationally; code: CHF) is the currency and legal tender of Switzerland and Liechtenstein; it is also legal tender in the Italian exclave of Campione d'Italia. The Swiss National Bank (SNB) issues banknotes and the federal mint Swissmint issues coins.

The smaller denomination, a hundredth of a franc, is a Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh. The ISO 4217 code of the currency used by banks and financial institutions is CHF.

The official symbols Fr. (German symbol) and fr. (Latin languages) are widely used by businesses and advertisers, also for the English language. According Art. 1 SR/RS 941.101 of the federal law collection the internationally official abbreviation – besides the national languages – however is CHF, also in English; respective guides also request to use the ISO 4217 code. Outdated is the use of SFr. for Swiss Franc and fr.sv.. The Latinate “CH” stands for Confoederatio Helvetica. Given the different languages used in Switzerland, Latin is used for language-neutral inscriptions on its coins.

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