Swiss Franc in Albanian lek

CHF Swiss Franc

Country of application:
Liechtenstein, Switzerland

Coin denominations in circulation:
5, 2 and 1 franc, as well as 50, 20, 10 and 5 rappen.

Denominations of banknotes in circulation:
1000, 200, 100, 50, 20 and 10 francs.

History reference:
The Swiss franc is the official currency of Switzerland. The history of the modern Swiss franc dates back to May 7, 1850. Until that day, the country did not have a single monetary system: 25 cantons... and half-cantons, 16 cities, and abbeys issued their own money. There were about 860 types of coins of various values and denominations in circulation. Moreover, most of the money circulation accounted for foreign money in general. The situation was changed by the constitution of 1848, in accordance with which a single national currency was introduced. Due to the flexible exchange rate, the strong development of the Swiss economy and the political stability of the country, the Swiss franc is one of the most stable currencies in the world, in high demand as a reserve. It traditionally refers to the currencies of tax havens or offshore zones, with zero inflation and legally fixed gold and foreign exchange reserves of at least 40%. However, this condition, introduced in the 1920s, was abolished on 1 May 2000 due to amendments to the Swiss Constitution. The high confidence of international investors is the reason for the upward trend in the exchange rate of the franc against most other national currencies.

ALL Albanian lek

Country of application:
Albania

Coin denominations in circulation:
200, 500, 1000, 2000, 5000 Albanian leks.

Denominations of banknotes in circulation:
5, 10, 20, 50, 100 Albanian lek.

History reference:
The lek is the monetary unit of Albania and has been in circulation since 1926 along with the Albanian franc. For a long time, Albania was part of the Great Ottoman Empire, and was not an independent... state. In 1912, the country declared its sovereignty, and after that announced the beginning of the war of liberation. After Albania finally acquired sovereignty, Austro-Hungarian, Italian, and also French banknotes are in circulation in the country. The Albanian franc appeared in 1926, when Albania became part of the Latin Monetary Union, and was able to provide the domestic currency with gold and silver. A lek was considered 1/5 of a gold franc. In 1965, a denomination was carried out in Albania. Old money was exchanged for new money at a ratio of 10:1, so that people of the past and the generation before last can quote ten times the real price. Not out of malice, but simply out of old habit. Although now, after more than half a century since the reform, this is becoming less and less common.