Australian Dollar Encyclopedia and Reviewing the Creation of the Swiss Franc


Posted August 19, 2012 by alisongenser

Refer any Australian dollar encyclopedia or Swiss Franc Encyclopedia, you will know that of all

 
Refer any Australian dollar encyclopedia or Swiss Franc Encyclopedia, you will know that of all the currencies of the world, the Swiss Franc and Australian Dollar have unique qualities that no others can claim. Both has a history that should be recognized for the value it brings to the global economy and the effect that either one can have on the value of any money overall.
As stated by Swiss Franc Encyclopedia and Australian Dollar Encyclopedia, the Swiss franc and Australian dollar are both one of a kind, even though francs and dollars are actually quite common among currency systems. The franc was the currency of choice in France until adoption of the Euro and is also used in parts of Africa and other European countries. For those who haven’t looked at a map lately or just happen to be bad with geography, Switzerland is sandwiched between Germany and Italy on the east border of France. Although the country itself is rather small, the currency itself has been a big deal. As stated by Swiss Franc Encyclopedia, the Swiss Franc became the official currency of Switzerland in 1850, but was used prior to that time along with all the other types of money that were issued. The currency is now distributed through the Swiss National Bank. While it is not denoted by a single symbol, the International Standards Organization refers to the Swiss franc as CHF while others will simply use Fr. or SFr. to identify it. The CH stands for Confoederatio Helvetica which is the Latin name for the Swiss Confederation. Switzerland recognizes four official languages and all four are used on the currencies. Lucky for them that ‘Fr.’ is the same abbreviation in all those languages. As stated by Swiss Franc Encyclopedia, due to the stability of the Swiss economy, the currency has also been strong. The value actually had to be decreased in order to prevent further problems in the struggling European economy of recent years. This feat of strength has led to the Swiss franc being fairly high among the reserve currencies of the world.
The Australian dollar is unique in a different way. While it does use coins and notes, the bills are made of plastic and not paper. This makes it harder for the bills to be faked in any way, as Australia uses such a unique process that other countries around the world have the printers make plastic bills for them too. The Australian dollar is on a decimal system just like the American dollar, with 100 cents to each dollar. All the coins minted have a picture of Queen Elizabeth II on one side. As stated by Australian Dollar Encyclopedia, Australian dollars were first used starting in 1966 and have become very popular, being third on the list of most traded currencies worldwide. The Australian dollar is not a reserve currency though, as the currency was floated in 1983. This makes it so that the market determines the value rather than a reserve stashed away in a bank. The Australian dollar is still very valuable, so much so that the Central Bank of Russia decided to keep reserves of it in its own vaults.
For more on the Swiss Franc visit Swiss Franc Encyclopedia http://currencyconvert.co/currency-profile/swiss-franc-chf , and Australian Dollar Encyclopedia http://currencyconvert.co/currency-profile/australian-dollar-aud for the Australian Dollar.
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Issued By alis
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Tags australian dollar encyclopedia , swiss franc encyclopedia
Last Updated August 19, 2012