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World > Europe > Liechtenstein
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Liechtenstein |
Introduction:
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The Principality of Liechtenstein was established within the Holy Roman Empire in 1719; it became a sovereign state in 1806. Until the end of World War I, it was closely tied to Austria, but the economic devastation caused by that conflict forced Liechtenstein to enter into a customs and monetary union with Switzerland. Since World War II (in which Liechtenstein remained neutral), the country's low taxes have spurred outstanding economic growth. Shortcomings in banking regulatory oversight resulted in concerns about the use of financial institutions for money laundering. However, Liechtenstein implemented anti-money-laundering legislation over the past several years and a Mutual Legal Assistance Treaty with the US went into effect in 2003.
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| Official name: |
Principality of Liechtenstein |
| Capital: |
name: Vaduz
geographic coordinates: 47 08 N, 9 31 E
time difference: UTC+1 (6 hours ahead of Washington, DC during Standard Time)
daylight saving time: +1hr, begins last Sunday in March; ends last Sunday in October |
| Government type: |
constitutional monarchy |
| Population: |
34,247 (July 2007 est.) |
| Languages: |
German (official), Alemannic dialect |
| Official Currency: |
Swiss Franc (CHF)
Current Swiss Franc Exchange Rates
Historical Swiss Franc Exchange Rates
Chart Swiss Franc Exchange Rates |
| Currency code: |
CHF |
| Area: |
total: 160 sq km
land: 160 sq km
water: 0 sq km |
| Climate: |
continental; cold, cloudy winters with frequent snow or rain; cool to moderately warm, cloudy, humid summers |
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Map of Liechtenstein
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