WIR Franc

The WIR franc is an alternative currency issued by the WIR Bank in Switzerland. This alternative currency acts as a medium of exchange for approximately 30,000 WIR Bank customers.

This currency caters primarily to small and medium sized enterprises and aims to stimulate trade within its representative community.

The standard Swiss franc to WIR franc exchange rate is 1:1, but due to its relatively small user base, the liquidity of the WIR franc is low compared to the Swiss franc.

More on this topic:
Forex broker comparison
Alternative currencies explained

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