Until the mid-nineteenth century in Switzerland were in circulation hundreds of kinds of notes and bills.In accordance with the order of the time of Napoleon, the cantons and the bishopric let their money.You could say that the Swiss franc appeared in the fifties of the last century.Helvetic coins while cast in silver.Their value was originally equivalent to par.However, the Government of the Swiss Confederation did not have a monopoly in the production of money.In other words, every single bank could produce banknotes.
Increasing amounts of paper money contributed to their gradual devaluation.Therefore, in 1907 the Swiss National Bank had own.In the midst of the First World country, like many other European countries, decided to abandon the gold standard.Thus, the costs of uneasy time covered by means of the printing press included.Switzerland, however, unlike some other countries, after the end of hostilities in Europe avoid inflation.The printing press, forged banknotes, has been shut down, followed by a return to the gold standard.Swiss franc strengthened their positions.They have become one of the strongest currencies in the 20s of last century, along with the Dutch florins.
Strengthening the franc for the following reasons: neutrality during the war, will avoid the huge embezzlement on fighting;a return to the gold standard and the subsequent fight against inflation.Events 30s shocked the United States and Europe, if not the entire world.Some of the leading European countries were forced to abandon the gold standard.But all this will not adversely affect the economic situation of the Confederacy.Swiss franc remained one of the safest currencies in the world for a long time.However, in the early seventies, an event occurred that would affect the economy of many countries.Bretton Woods system, in which all currencies were pegged to the dollar, and he, in turn, to the gold reserves, showed its complete failure, after which it was abandoned by all the participants.This forced the government to enter Confederation floating rates.
Swiss francs today are reliable currency.They did not suffer even during the financial crisis, to undermine the economies of many countries.They are sometimes informally called the "currency of refuge."Every Franc is divided into one hundred Rapp or centimes.The national currency is controlled by the authorities of the Confederation.Swiss franc against the euro is 1: 0.81.In recent years, the EU common currency is gradually losing ground to the Confederation of money.This is due to the fact that economic growth in Europe as a whole are reduced.Swiss franc against the ruble is 1: 35.5 today.The course of the Russian currency to it gradually falls.
Switzerland for a long time is a kind of magnet, attracting large foreign capital.Many wealthy people leave a portion of their funds in banks in the country.This is due to the stable political and economic situation in Switzerland, the quality of service.The risks of investing in banks Confederation minimal.It is always possible to pick up your contribution.Swiss banks have a full range of services to its customers.All of this helps to attract foreign capital, which ensures the continued stability of the national currency.
