Swiss Franc in Pound Sterling

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.

GBP Pound Sterling

Country of application:
United Kingdom, South Georgia and the South Sandwich Islands

Coin denominations in circulation:
1 pound sterling, 50, 20, 10, 5, 2 pence, 1 penny.

Denominations of banknotes in circulation:
50, 20, 10, 5, 2, 1 pound sterling.

History reference:
The British pound sterling is the official currency of Great Britain. Bank code - GBP. Sterling in the 12th century was called English silver coins. 240 sterling weighed just over 373 grams - that wa...s a pound. In Latin, pondus means weight, heaviness. That is, initially the pound sterling really meant "a pound of pure silver." There is a visible connection with the Old English lexeme steorling - "asterisk". It was the stars that depicted the silver coins produced in Normandy. Easterling Silver (literally: silver from the eastern lands) - hard-wearing coins made of a durable silver alloy, created in the north of modern Germany - those territories were formerly called Easterling.