29/06/2018: East African Community Currency Integration
Burundi joins the East African Community (EAC) currency integration, paving the way for a future unified currency within the region.
15/01/2015: Removal of Minimum Exchange Rate
The Swiss National Bank unexpectedly abandoned the minimum exchange rate, causing the Swiss franc (CHF) to surge in value.
17/10/2011: Introduction of New Banknotes
New banknotes with enhanced security features and updated designs are introduced in denominations of 500, 1000, 2000, 5000, and 10,000 Francs.
06/09/2011: Implementation of Minimum Exchange Rate
The Swiss National Bank imposed a minimum exchange rate pegging the Swiss franc (CHF) to the Euro to prevent excessive appreciation.
30/06/2003: Second Currency Revaluation
The Burundian Franc undergoes another significant devaluation as part of the second currency revaluation program.
13/09/1999: Introduction of Euro
Switzerland decided not to join the Eurozone and maintain the Swiss franc (CHF) as its official currency.
30/04/1995: Printing of Banknotes
The first locally printed banknotes, issued in denominations of 10, 20, 50, 100, 500, 1000, and 5000 Francs, are circulated.
20/10/1990: Introduction of New Coins
New coins are introduced in denominations of 1, 5, 10, 50, and 100 Francs.
22/09/1985: First Currency Revaluation
The Burundian Franc is significantly devalued as part of a currency revaluation program.
08/05/1973: Floatation of Swiss Franc
Switzerland abandoned the fixed exchange rate system, allowing the Swiss franc (CHF) to float freely against other currencies.
30/06/1960: Independence from Belgium
Burundi gains independence from Belgium, establishing the Burundian Franc as its official currency.
01/05/1936: Introduction of Swiss National Bank
The Swiss National Bank was established as the central bank responsible for issuing and managing the Swiss franc (CHF).
24/11/1907: Gold Standard Referendum
Switzerland voted to adopt the gold standard, making the Swiss franc (CHF) fully convertible into gold.
06/06/1850: Currency Act of 1850
The Swiss franc (CHF) was introduced as the official currency of Switzerland.