Latest news with #SwissFranc
India.com
6 hours ago
- India.com
No airport, no police station, no currency of its own! THIS nation is counted among the richest countries, its not Switzerland, Belgium, Azerbaijan, Spain, Sweden, the name is…
New Delhi: In today's fast-paced world of deadlines, meetings, business trips, and constant daily hustle, imagine living in a country with no airport of its own, no official national language, no independent currency, and yet, its people are wealthy and live in complete peace, without the need to struggle for a living. Does it sound like a dream? But yes, such a country does exist. Its name is Liechtenstein. This tiny European nation is hidden in the Alpine mountains between Switzerland and Austria. A video on this offbeat European wonderland has now gone viral on Instagram. The caption offered an overview of Liechtenstein, boasting medieval castles and snow-capped Alps with a population of approximately 30,000 people. It read, 'Ever heard of Liechtenstein? Most people have not. But this tiny nation tucked between Switzerland and Austria is wildly unique. No airport — you have to fly into another country. No currency — they use the Swiss Franc. No official language of their own — German is borrowed. And yet, it is one of the richest and safest countries on Earth. Liechtenstein proves this: You do not need size, flash, or your own rules to thrive.' Despite having no airport, no currency of its own, and no official language, this nation is counted among the richest and safest countries in the world. All You need to know about Liechtenstein: Liechtenstein is a semi-constitutional monarchy headed by the prince of Liechtenstein of the House of Liechtenstein, currently led by Hans-Adam II. Despite having no airport, no currency of its own, and no official language, this nation is counted among the richest and safest countries in the world. Liechtenstein does not have its own international airport. Those who wish to visit must first land in either Zurich, Switzerland, or Innsbruck, Austria, and then travel to Liechtenstein by car or train. The country is considered a symbol of beauty, cleanliness, and peace. This country does not have its own national language or currency. People here speak German and use the Swiss Franc. Despite this, Liechtenstein's banking and technology industries are renowned worldwide. Due to barely-there crime rates, there are about 100 police officers in Liechtenstein and people don't even bother to lock their doors at night
Yahoo
11 hours ago
- Business
- Yahoo
The Swiss Franc Is a US-EU Trade Deal Loser. How to Trade It Here.
December Swiss franc futures (S6Z25) present a selling opportunity on more price weakness. See on the daily bar chart for the December Swiss franc futures that prices are trending lower and have just hit a five-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the red MACD line is below the blue trigger line and both lines are trending down. More News from Barchart Tesla Just Signed a Chip Supply Deal with Samsung. What Does That Mean for TSLA Stock? Dear Microsoft Stock Fans, Mark Your Calendars for Aug. 1 Is Lucid Motors Stock a Buy, Sell, or Hold for July 2025? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Fundamentally, the U.S. dollar is appreciating on the foreign exchange market as U.S. trade deals are starting to fall into place. The marketplace believes the U.S. came out on top of the weekend trade deal with the European Union. Also, better risk appetite in the general marketplace recently is a negative for the safe-haven Swiss franc. A move in December Swiss franc futures below chart support at 1.2550 would give the bears more power and it would also become a selling opportunity. The downside price objective would be 1.1850, or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.2850. IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature. Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you. On the date of publication, Jim Wyckoff did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
3 days ago
- Business
- Time of India
This small European nation has no airport, no currency, yet is richer than most nations; the answer may surprise you; know more about the nation
Nestled between Switzerland and Austria, Liechtenstein remains one of Europe's most fascinating hidden gems. Despite its tiny size, this nation functions uniquely without its own airport, independent currency, or even a native official language—German is borrowed, and the Swiss Franc is used. Yet, Liechtenstein is ranked among the richest and safest countries in the world, boasting fairy-tale castles, pristine alpine landscapes, and a crime rate so low that most residents don't even lock their doors. Recently, a viral Instagram video showcasing its rare lifestyle and near-utopian living conditions sparked worldwide curiosity. Many were amased at how a country so small and unconventional could thrive economically while offering unparalleled safety, natural beauty, and a high standard of living. Europe's wealthiest nations runs without its airport, language and currency Liechtenstein's geographic location is stunning, but its infrastructure is unusual. It does not have an international airport, requiring travelers to fly into Switzerland or Austria and drive across the border. The country also does not have its own currency, instead using the Swiss Franc (CHF). Even its official language, German, is borrowed rather than a native tongue. Despite these unique characteristics, Liechtenstein operates efficiently, embracing simplicity while maintaining strong international ties. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your donations can help this little boy see again clearly Donate For Health Donate Now Undo Liechtenstein proves that size does not determine success. With its unique governance, strong economy, and harmonious society, it has created an enviable standard of living. For many, it represents a modern utopia where wealth, peace, and natural beauty coexist seamlessly. Second-wealthiest country in Europe with almost zero crime Liechtenstein has a population of more than 30,000 people but ranks as the second-wealthiest country in Europe per capita, surpassing even Britain's royal wealth in GDP terms. This prosperity stems from low taxation, a strong banking sector, high-tech industries, and zero external debt. Residents enjoy financial security that allows them to focus on hobbies, family, and personal passions rather than working out of necessity. Cultural norms discourage showing off wealth, favoring a humble and community-driven lifestyle. One of Liechtenstein's most fascinating aspects is its exceptionally low crime rate. With only about seven people in prison and around 100 police officers in the entire country, safety is ingrained in everyday life. Many residents do not bother locking their doors at night, reflecting deep social trust and a sense of mutual respect rarely seen in other parts of the world. Social media calls Liechtenstein a dreamlike European paradise The viral Instagram video described Liechtenstein as a 'hidden gem of Europe' with stunning natural beauty, medieval castles, and snow-capped Alps. Social media users expressed awe, with comments such as 'It looks like a dream' and 'This is what life should be everywhere.' Travelers who have visited echoed these sentiments, praising its peaceful environment and breathtaking landscapes. 5 key facts about Liechtenstein One of only two doubly landlocked countries in the world Liechtenstein is one of just two nations globally—along with Uzbekistan—that are doubly landlocked, meaning it is surrounded by countries that themselves have no coastline. Despite this geographical limitation, the country is nestled between Austria and Switzerland in the Alps, making it a popular winter sports destination. Covering an area of 160 square kilometers, roughly the size of Washington D.C., it is the third-largest among Europe's six smallest states (after Andorra and Malta but larger than Monaco, San Marino, and Vatican City). Around 40,000 residents call it home, with Schaan being the largest town, even though Vaduz serves as the capital and is better known internationally. A constitutional monarchy with a small civil service Liechtenstein is a parliamentary constitutional principality that blends monarchy with democracy. Its 1921 constitution defines the country as 'a constitutional, hereditary monarchy on a democratic and parliamentary basis.' The executive branch includes a five-member cabinet nominated by parliament and appointed by the prince for a four-year term. Remarkably, the government employs only 1,500 civil servants—less than 4% of the population, compared to an EU average of around 17%. The legislative branch consists of 25 parliamentarians, also serving four-year terms. Second-highest per capita income in Europe With an average income of US$197,000 per year, Liechtenstein ranks second in Europe for per capita income, just behind Monaco. This wealth stems from heavy investment in research and development (6.2% of GDP) and a strong manufacturing sector, which includes machine and tool engineering, plant construction, and the production of precision and dental instruments. Manufacturing accounts for 42% of the economy's value-added output, well above the EU average of 15%. The financial sector, focused on private banking, wealth management, insurance, and trust services, adds another 20% of GDP. More jobs than people A unique feature of Liechtenstein's economy is its labor force. While the country has about 40,000 residents, it supports 42,500 jobs, thanks to a high number of cross-border commuters from Austria, Switzerland, and Germany. Nearly 59% of these commuters come from Switzerland and 37% from Austria. Labor participation is high at 76.1% (compared to 74.9% in the EU), and unemployment remains under 2%, reflecting an exceptionally strong job market. Small but globally connected Despite its small size, Liechtenstein maintains deep economic integration with global markets. Major export partners include the United States, Germany, and Switzerland. As a member of the European Economic Area (EEA), Liechtenstein has access to the EU single market, including financial services, under free movement rules for services and capital. Its financial institutions, overseen by the European Banking Authority, have expanded wealth management services to Asia and the Middle East. Close ties with Switzerland—including the use of the Swiss franc—further strengthen its economic and labor market integration. Also Read | Anand Mahindra fell for India's 'last village' in Himachal and you might too after seeing the viral photo
News18
4 days ago
- News18
No Airport, No Currency Of Its Own, Yet Locals Rich Enough To Not Work Entire Life. This Nation Is...
The locals residing in Liechtenstein possess enough money to let them live a life without doing any work. This allows them to have enough time to pursue a hobby they love. Tucked away like a hidden gem between Switzerland and Austria, lies a country that has no airport, no currency and no language. Yet, 'it is one of the richest and safest countries on Earth" with pristine natural beauty, majestic castles, and a crime rate so low that only seven people are in jail. Sounds unbelievable? Well, such a place exists and it is called Liechtenstein. A video on this offbeat European wonderland has now gone viral on Instagram. The caption offered an overview of Liechtenstein, boasting medieval castles and snow-capped Alps with a population of approximately 30,000 people. It read, 'Ever heard of Liechtenstein? Most people have not. But this tiny nation tucked between Switzerland and Austria is wildly unique. No airport — you have to fly into another country. No currency — they use the Swiss Franc. No official language of their own — German is borrowed. And yet, it is one of the richest and safest countries on Earth. Liechtenstein proves this: You do not need size, flash, or your own rules to thrive." Wealthiest Country In Europe Do you know Liechtenstein is the wealthiest country, 'even wealthier than the king of Britain?" The locals here possess enough money to let them live a life without doing any work. It allows them to have enough time to pursue a hobby they love." The residents 'benefit from low taxes and have no external debt." Their equation is based on mutual respect and flaunting your affluence is something they look down upon. Due to barely-there crime rates, there are about 100 police officers in Liechtenstein and people don't even bother to lock their doors at night. Internet Calls It Utopia The post received multiple reactions from travel enthusiasts who were floored by Liechtenstein's beauty and unique lifestyle. 'It looks like a dream," gushed a user. 'This is what life should be all over the world," chimed in another. 'Want my country to become like this in terms of wealth, no crime, honest and hardworking people," hoped one person. 'Damn, looks like I would love to be here in retirement," joked an individual. A traveller who visited Liechtenstein shared, 'I have visited this place a few years back. We just travelled by car from Geneva to here and I can say that the place is beautiful too." So, when are you planning your next trip to Liechtenstein? About the Author Buzz Staff A team of writers at bring you stories on what's creating the buzz on the Internet while exploring science, cricket, tech, gender, Bollywood, and culture. First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Yahoo
21-07-2025
- Business
- Yahoo
Swiss sight deposits jump spurs talk of central bank currency intervention
By John Revill ZURICH (Reuters) -Cash lodged by commercial banks overnight with the Swiss National Bank rose to its highest level in 15 months last week, data showed on Monday, sparking speculation the central bank could be intervening to weaken the Swiss franc. Total sight deposits held by the SNB increased by 11.2 billion Swiss francs ($14.00 billion) to 475.3 billion francs, the highest level since April 2024. Normally an increase can be seen as a sign the SNB is buying foreign currencies from banks and crediting their accounts with newly created francs, a way to weaken the safe-haven currency whose high value has weighed on inflation. The SNB declined to comment on the data. GianLuigi Mandruzzato, an economist at EFG Bank, said the increase could mean the SNB intervened last week, although other factors could be involved. "With interest rates at zero and with the SNB reluctant to go negative, intervention is likely to be its favoured approach," he said. Maxime Botteron, an economist at UBS, said the sight deposit rise could signal interventions, although other explanations were more likely. "They could have intervened, but there was no urgent need to do so," he said. "The franc appreciated moderately against the euro last week, but did not reach the April high, and I don't think the SNB would intervene against the dollar." Instead, Botteron said the increase in sight deposits could reflect the expiration of SNB bills, where the principal is repaid to the banks who bought them at the end of their term and the money credited to their sight deposit accounts. The money could also be due to the SNB not rolling over existing repos, and instead repurchasing the instrument from banks and crediting their sight deposit accounts, Botteron said. Karsten Junius, chief economist at J. Safra Sarasin, doubted the SNB was intervening, with the sight deposit data more likely showing the SNB scaling back its use of bills and repos. "If they are reducing the use of these instruments, it could be because the SNB is trying to steer the SARON lower by taking less liquidity out of the market," he said, referring to the Swiss interbank rate. ($1 = 0.7999 Swiss francs)
