Colombian Peso in Swiss Franc

COP Colombian Peso

Country of application:
Colombia, Venezuela

Coin denominations in circulation:
50, 100, 200, 500, 1000 dollars.

Denominations of banknotes in circulation:
2000, 5000, 10,000, 20,000, 50,000, 100,000 US dollars.

History reference:
The Colombian Peso is the official currency of the Republic of Colombia. The peso became the Colombian coin in 1810. In 1837, the peso began to replace the real. Then for one peso they gave 8 reais. ...In 1847, Colombia revised the value of the peso, which began to be valued at 10 reais. In 1853, the real was renamed desimo, which means "tenth" in Spanish. In 1903, the Central Bank of Colombia set a fixed rate on the British pound sterling, according to which 5 pesos were equal to 1 pound. In 1931, Great Britain abandoned the gold standard, in the same year the Colombian pesos also moved away from the gold-currency equivalent standard. Later, in different periods of the existence of the state, the peso experienced several devaluations caused by economic crises in the country.

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.