Liechtenstein frank

The Swiss frank (plural: franken) has been the currency of Liechtenstein since 1920. The Swiss franc is legal tender since Liechtenstein is in a customs and monetary union with Switzerland. The 1980 treaty between Switzerland and Liechtenstein allows Liechtenstein to mint limited amounts of Swiss francs with a Liechtenstein inscription, but only in the form of commemorative coins (mainly issued for collectors), and they are not allowed to issue banknotes.

Liechtenstein used the Austrian krone and heller until 1920, and switched to the Swiss franc due to the krone's instability. Liechtenstein coins are so rare that they do not actually circulate, and no banknotes have been issued, with the exception of three emergency issues of heller in 1920. Most of the Liechtenstein frank coins have the same amount of precious metal as the Swiss franc, except for the coins minted in the late 1980s and 1990s.

The highest number of Liechtenstein frank coins minted was the 1 frank minted in 1924; 60,000 were struck, but 45,355 of them were later melted. If the number of melted coins is excluded, the highest mintage would be the 50 franken minted in 1988 commemorating the 50th anniversary of the reign of Prince Franz Joseph II and the 10 franken minted in 1990 commemorating the succession of Prince Hans-Adam II. Both number 35,000.

Liechtenstein

Coordinates: 47°16′N 9°32′E / 47.267°N 9.533°E / 47.267; 9.533

Liechtenstein (ⁱ/ˈlɪktənstaɪn/; LIK-tin-styn; German: [ˈlɪçtn̩ʃtaɪn]), officially the Principality of Liechtenstein (German: Fürstentum Liechtenstein), is a doubly landlocked German-speaking microstate in Central Europe. It is a constitutional monarchy with the rank of principality, headed by the Prince of Liechtenstein.

Liechtenstein is bordered by Switzerland to the west and south and Austria to the east and north. It has an area of just over 160 square kilometres (62 square miles) and an estimated population of 37,000. Divided into 11 municipalities, its capital is Vaduz and its largest city is Triesenberg.

Economically, Liechtenstein has the third highest gross domestic product per person in the world when adjusted by purchasing power parity, after Qatar and Luxembourg, and the highest when not adjusted by purchasing power parity. The unemployment rate is one of the lowest in the world at 1.5%.

An alpine country, Liechtenstein is mainly mountainous, making it a winter sport destination. Many cultivated fields and small farms are found both in the south (Oberland, upper land) and north (Unterland, lower land). The country has a strong financial sector centered in Vaduz. Liechtenstein is a member of the European Free Trade Association, and while not being a member of the European Union, the country participates in both the Schengen Area and European Economic Area. It also has a customs union and a monetary union with Switzerland.

Lichtenstein (disambiguation)

Liechtenstein is a country in Central Europe.

Lichtenstein or Liechtenstein may also refer to:

Places

Other

See also

Liechtenstein wine

The Principality of Liechtenstein is a producer of wine. The country has a climate ideally suited for the cultivation of wine with mountain slopes facing southwest, calcareous soils and an average of 1,500 hours of sunshine a year. The hot dry wind during the summer months, known as the foehn aids cultivators by having a sweetening effect.

There are over 100 winegrowers in Liechtenstein which produce red and white wines in which despite the small size of the country can produce a significant variety. Liechtenstein is part of the European wine quality system and the international AOC classification.

History

Viniculture in Liechtenstein dates back to just over two thousand years. Growing began before Christ by a Celtic tribe that had settled in the area, and during Roman times production increased. After the Romans had been driven out of the area by the Alamanni, production virtually ceased, until the growth of Christianity in the 4th century, when monks encouraged the establishment of new vineyards. During the rule of Charlemagne (742–814), many of the municipalities and monasteries possessed their own vineyards. This time the vineyards surrounding Gutenberg Castle yielded some three thousand gallons of wine a year. Charlemagne did much to alter the method of production, strongly encouraging better hygiene and pressing of the grapes by making it practice for the wine pressers to wash their feet although he was met with considerable opposition.