The official currency of Switzerland is the Swiss franc, abbreviated as CHF. The Swiss franc is known for its stability and is often viewed as a safe haven currency during times of economic uncertainty. Divided into 100 centimes, the Swiss franc is used both in Switzerland and the nearby Principality of Liechtenstein. Switzerland has a long history of banking and financial services, contributing to the franc's reputation as a strong currency. The Swiss National Bank oversees its circulation and monetary policy, ensuring the currency's stability and integrity in international markets.