The official currency used in Switzerland is the Swiss Franc, abbreviated as CHF. The Swiss Franc is known for its stability and is considered a safe-haven currency in uncertain economic times. It comprises 100 centimes and is issued in both coins and banknotes in various denominations. The Swiss National Bank (SNB) is responsible for issuing currency in the country and maintaining its value. The Franc is not only used in Switzerland but also in the neighboring Principality of Liechtenstein, which has a close economic relationship with Switzerland.