Franc
The Swiss franc (ISO code: CHF or 756), which appreciated significantly against the new European currency from April to September 2000, remains one of the world's strongest currencies, worth today around five-sixths of a euro. The Swiss franc is used in Switzerland and in Liechtenstein. Liechtenstein retains the ability to mint its own currency, the Liechtenstein franc, which it does from time to time for commemorative or emergency purposes.
Public Welfare Policy in Switzerland
The country of Switzerland, officially the Swiss Confederation, has a comparatively meager public welfare system. As such, Switzerland is often classified as the model liberal-market economy of continental Europe, and stands out amongst other continental European states due to its small, means-tested welfare program. The OECD cites Switzerland's social expenditure as 19.6% of their gross domestic product, a rate that parallels other liberal-market states' spending rates.