what is the money currency in switzerland?
Swiss franc
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 A system of single weights and measures was introduced and in 1850 the Swiss franc became the Swiss single currency . Article 11 of the constitution forbade sending troops to serve abroad , though the Swiss were still obliged to serve Francis II of the Two Sicilies with Swiss Guards present at the Siege of Gaeta in 1860 , marking the end of foreign service . 

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 The World Economic Forum 's Global Competitiveness Report currently ranks Switzerland 's economy as the most competitive in the world , while ranked by the European Union as Europe 's most innovative country . For much of the 20th century , Switzerland was the wealthiest country in Europe by a considerable margin ( by GDP – per capita ) . In 2007 the gross median household income in Switzerland was an estimated 137 @,@ 094 USD at Purchasing power parity while the median income was 95 @,@ 824 USD . Switzerland also has one of the world 's largest account balances as a percentage of GDP . 

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 Switzerland has an overwhelmingly private sector economy and low tax rates by Western World standards ; overall taxation is one of the smallest of developed countries . Switzerland is a relatively easy place to do business , currently ranking 20th of 189 countries in the Ease of Doing Business Index . The slow growth Switzerland experienced in the 1990s and the early 2000s has brought greater support for economic reforms and harmonization with the European Union . According to Credit Suisse , only about 37 % of residents own their own homes , one of the lowest rates of home ownership in Europe . Housing and food price levels were 171 % and 145 % of the EU @-@ 25 index in 2007 , compared to 113 % and 104 % in Germany . 

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 Switzerland has a stable , prosperous and high @-@ tech economy and enjoys great wealth , being ranked as the wealthiest country in the world per capita in multiple rankings . In 2011 it was ranked as the wealthiest country in the world in per capita terms ( with " wealth " being defined to include both financial and non @-@ financial assets ) , while the 2013 Credit Suisse Global Wealth Report showed that Switzerland was the country with the highest average wealth per adult in 2013 . It has the world 's nineteenth largest economy by nominal GDP and the thirty @-@ sixth largest by purchasing power parity . It is the twentieth largest exporter , despite its small size . Switzerland has the highest European rating in the Index of Economic Freedom 2010 , while also providing large coverage through public services . The nominal per capita GDP is higher than those of the larger Western and Central European economies and Japan . If adjusted for purchasing power parity , Switzerland ranks 8th in the world in terms of GDP per capita , according to the World Bank and IMF ( ranked 15th according to the CIA Worldfactbook ) . 

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 This resulted in a massive strengthening of the Swiss franc against the Euro , US dollar , British pound , Japanese yen and several other currencies , as well as a reduction in Swiss franc interest rates . 
