Swiss Franc

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Swiss Franc

The currency of Switzerland. Although the first Swiss franc was used briefly at the end of the 18th century, the modern franc was introduced in 1850, replacing almost two dozen local currencies. Switzerland was a member of the Latin Monetary Union until its demise in 1927 and later belonged to the Bretton Woods System. Until 2000, at least 40% of the franc was required to be backed by gold. The Swiss franc is known for having almost no inflation and, for that reason, is considered a very safe currency for investment.
References in periodicals archive ?
RZD placed 5ayear Eurobonds for 525 mn Swiss Franks under2.
For those who own Swiss Franks and other strong currencies, gold is currently a bargain as its is priced in dollars.
VTB is placing the 4ayear Eurobonds for 150 mn Swiss Franks.

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