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Liechtenstein, a small yet prosperous principality in the heart of Europe, uses the Swiss franc (CHF) as its official currency. This is due to a long-standing monetary agreement with Switzerland, which has been in place since 1924. While Liechtenstein is not part of the European Union, its choice of currency provides financial stability, low inflation, and access to one of the world’s most respected monetary systems.
The Swiss franc is strong, reliable, and has low volatility, so investors and companies like it. Liechtenstein benefits from Switzerland’s robust monetary policy framework because:
In Liechtenstein, you can use Swiss francs for anything – from buying food in Vaduz to big business deals. The coins and bills are just like in Switzerland, but Liechtenstein sometimes puts out special coins for collectors.
If you plan to operate in Liechtenstein, holding accounts in Swiss francs is essential for local transactions. Many companies also maintain foreign currency accounts for cross-border operations, a service easily arranged through reputable banking providers.
=> Learn more: Liechtenstein offshore company formation
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