Swiss Franc in Caymanian Dollar

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.

KYD Caymanian Dollar

Country of application:
Cayman islands

Coin denominations in circulation:
1, 5, 10, 25 cents.

Denominations of banknotes in circulation:
1, 5, 10, 25, 40, 50, 100 dollars.

History reference:
The Cayman Islands dollar was introduced on May 1, 1972, replacing the Jamaican dollar (which remained legal tender until August 31, 1972). Until 1959, the Cayman Islands were a British colony and we...re subject to the governor of Jamaica. After gaining independence in 1962, the population of the islands voluntarily decided to remain under the protectorate of the British crown, and now the state is considered an overseas possession of England. Until 1972, the means of payment on the islands was the Jamaican dollar, and then their own currency, the Cayman dollar, was introduced.