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Silver Price Switzerland
Switzerland is known officially as the Swiss Confederation, and is comprised of 26 cantons. Located in Central Europe, the country has borders with France, Germany, Liechtenstein, Italy and Austria. The country is geographically divided by the Alps, the Jura and the Swiss Plateau. Switzerland has a population of approximately eight million, and the country covers some 16,000 square miles. The majority of the country’s inhabitants live on the Swiss Plateau, which also features two of the world’s largest financial epicenters in the cities of Geneva and Zurich. The city of Zurich is the largest in the country. There are several languages spoken in the country, including German, French, Italian and Romansh. Switzerland is widely recognized all over the world as being very stable, and that stability is one reason that the country’s banking and investment industries are so popular with investors all over the globe.
The Swiss Franc is the official currency of the nation. In addition to being used throughout the country, the franc is also accepted in Liechtenstein and the Italian exclave Campione d’Italia. In 1848, the country’s new federal constitution dictated that only the federal government could produce currency for the country. Two years later, the franc was introduced as the official currency of the country, replacing the various currencies of the different Swiss cantons. The country later put into place a standard that specified a value of the franc equal to 4.5 grams of silver and .290322 grams of gold. That standard remained in place until 1936.
The Swiss currency is one of the most widely traded in the world, and is often bought during periods of economic or geopolitical stress.
The Swiss currency is issued and controlled by the country’s central bank known as the Swiss National Bank. The central bank was established in the early 1900s, and has headquarters in Bern and Zurich. The central bank has numerous responsibilities in addition to currency management. One of its primary objectives is to maintain a reliable monetary policy. It is also in charge of investing the nation’s foreign currency reserves and management of its cashless payment systems.
If you are looking to buy silver in Switzerland or simply want to see current spot silver prices, quotes will be in the local currency. Prices may also be available in other major global currencies as well, including Japanese Yen, euros, Great British pounds or U.S. Dollars. Prices are most often quoted by the ounce, gram or kilo. The one ounce weight is a very popular size for investors looking at coins or rounds. One ounce bars are also popular, along with larger weight bars such as 5, 10 or 100 ounces. The larger bars may potentially offer a per-ounce cost savings compared to smaller bars or coins and rounds.
Swissmint is the official mint of the Swiss Federation. The mint is located in the city of Bern, and produces both circulation and bullion Swiss Franc coins. The mint also produces a variety of medals and collectible coins as well.