Introduced in 1850, the Swiss franc (CHF) is the official currency of Switzerland, Liechtenstein and the Italian exclave of Campione d'Italia, and is the only franc remaining in Europe.
The central bank of Switzerland, Swiss National Bank (SNB), issues the Swiss franc banknotes, which come in six denominations: 10 francs, 20 francs, 50 francs, 100 francs, 200 francs and 1,000 francs. CHF is subdivided into 100 units, with a hundredth of the Swiss franc called Rappen (Rp.) in German, centime (c.) in French, centesimo (ct.) in Italian, and rap (rp.) in Romansh. Swiss franc coins are issued by the federal mint, called Swissmint, in seven denominations: 5 centimes, 10 centimes, 20 centimes, 1⁄2 franc, 1 franc, 2 francs, 5 francs.
The Swiss franc, ranked as the seventh most traded currency in the world, has gained in popularity mainly due to being a safe-haven currency. Therefore, many governments and financial institutions hold CHF as a hedge against instability in many types of investments and markets.