Rwandan Franc in Swiss Franc

RWF Rwandan Franc

Country of application:
Rwanda

Coin denominations in circulation:
1, 2, 5, 10, 20, 50 and 100 francs.

Denominations of banknotes in circulation:
500, 1000, 2000, 5000 francs.

History reference:
The Rwandan franc or Rwandan franc is the national currency of Rwanda. In 1916, after the transfer of Rwanda from Germany to Belgium, instead of the rupee of German East Africa, the Belgian Congo fra...nc was introduced, in 1960 it was replaced by the franc of Rwanda and Burundi. In 1964, the latter, which was the common currency for Rwanda and Burundi, was replaced by the Rwandan franc. There is a proposal for a single currency, the new East African shilling, for the five member states of the East African Community. While this was originally planned to happen by the end of 2012, as of December 2020, the single currency has yet to be introduced.

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.