The Swiss Franc is considered one of the world's most stable currencies due to the neutrality, conservative monetary policy and gold supplies of the Swiss national bank.

Switzerland has an advanced banking system, a universal system, that allows all banks to provide all services. Banking is one of the most important sectors of the Swiss economy, employing almost 4% of the nation's workforce.

During international turmoil or unrest with non-European countries, the Swiss Franc becomes the second "safe haven" in choice next to the U.S. dollar.

Switzerland's long history of financial stability is evident through low inflation rates and low interest rates. The Swiss have a high savings rate and attracts large inflows of foreign money.

Posted by Zulfi Saturday, July 4, 2009

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