Switzerland, an advanced country, technologically developed with solid structures and a leader in the international financial market, curiously presents a high handling of cash among its population, in the middle of the digital age in Switzerland, cash is the most used form of payment.

Nowadays the population of Switzerland, is handled comfortably with cash to the point that you can buy a car and cancel it in cash.

This safe and reliable jurisdiction issues and accepts the circulation of large notes, cash notes of its own currency. In mid-2009, the Swiss Bank received the issuance of the representative purple banknote of 1000 francs, the highest denomination banknote circulating in Switzerland.

Among the cash circulation of Swiss francs currently stands out, the circulation of coins of 5, 10 and 20 cents, as well as 0.5, 1, 2 and 5 francs. As for the banknotes, those of 10, 20, 50, 100, 200 and 1000 francs are in use.

Although Switzerland is not a member of the European Union, the Swiss Franc (CHF) is its official currency, however, in most places, shops, restaurants and hotels you can pay in EUR but you will receive change in CHF .

For the Swiss, cash is part of their culture, it gives them security and greater control in the management of spending.

Foster Swiss is an international company registered in Switzerland aimed at providing financial and compliance advice on a variety of topics related to company formation and commercial banking internationally.

We are specialized in the implementation of businesses in different jurisdictions, which means that we offer value-added services helping our clients in their expansion abroad.

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