Encyclopedia currency series: Swiss Franc
Swiss franc is the legal tender of Switzerland and Lichtenstein. It is issued by the Central Bank of Switzerland.
The Swiss franc is a hard currency. Most of Switzerland's neighbors use the euro. There are also shops and institutions in Switzerland.
As of May 20, 2014, 1 Swiss Franc = US $1.1193; 1 Swiss Franc = RMB 6.9823
Its English abbreviation is SFR, for example: sfr4 billion, or 4 billion Swiss francs.
Swiss Franc banknotes are bright in color, excellent in design and printing. The 10 yuan note shows the head of the Swiss born architect Le Corbusier, although most of his important architectural activities take place outside Switzerland. On the $100 note are sculptor Giacometti and his works.
Since 1907, the National Bank of Switzerland has issued several editions of banknotes. Due to the long circulation time, some of these banknotes appeared counterfeit banknotes, so they had stopped circulation by 1980, and some of them had lost their legal value.
The National Bank of Switzerland stipulates that all kinds of banknotes that have ceased to circulate will still be exchanged for the currency in circulation within 20 years from the date of cessation of circulation, and will lose their legal value after 20 years. Therefore, in case of banknotes that have ceased to circulate since 1980, they can be handled by collection.
The National Bank of Switzerland has issued a series of new banknotes since 1995. At present, 200, 50, 20 and 10 Swiss francs have been issued.