Swiss Franc in Burmese Kyat

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.

MMK Burmese Kyat

Country of application:
Myanmar

Coin denominations in circulation:
1, 5, 10, 50, 100 Burmese Kyat.

Denominations of banknotes in circulation:
50, 100, 200, 500, 1000, 5000, 10,000 Burmese Kyat.

History reference:
The Myanmar Kyat has been the national currency and money of the Republic of the Union of Myanmar since 1989. Replaced the Burmese rupee. Kyat has been known since the middle of the 19th century as a... Tikal payment system for several countries - Burma, Siam, Laos, Cambodia. Myanmar is located in mainland Southeast Asia. In 1989, the ruling military government changed the countrys name to Myanmar, from Burma. However, the description of the adjective is still Burmese, not Myanmar. The first Burmese money were coins - kyat and pya, issued in the second half of the 19th century. These coins were in circulation until April 1, 1892. A year later, Burma falls under the dependence of British India, and the Indian rupee is introduced into the country, which later becomes the Burmese rupee.