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The Swiss franc as the perfect alternative to the uncertain US dollar
and the euro
.
The franc is the currency and legal tender of Switzerland and
Liechtenstein. However, it is officially used in four countries, since
the Italian exclave Campione d'Italia and the German exclave Büsingen
also use the Swiss franc. Franc banknotes are issued by the central
bank of Switzerland, the Swiss National Bank, while coins are issued
by the federal mint, Swissmint. The Swiss franc is also considered to
be one of the worlds premier currencies, with virtually zero inflation
and historically backed by at least 40% gold reserves.
The Swiss franc has always been one of the strong currencies held by
many governments in their Reserves.
See: Currency Composition of Official Foreign Exchange Reserves http://www.imf.org/external/np/sta/cofer/eng/cofer.pdf