Currency Treaty
The Currency Treaty with Switzerland is important for the Liechtenstein financial services sector in multiple respects: The Currency Treaty of 1980 not only declares the Swiss franc to be the legal tender of the Principality of Liechtenstein, but also declares certain Swiss legal and administrative provisions to be applicable in Liechtenstein (see annexes to the Currency Treaty). The Swiss National Bank (SNB) acts as the national bank of Liechtenstein and as lender of last resort. This entails that certain financial intermediaries (banks, investment undertakings) have a duty to notify the SNB for reasons of monetary policy. Supervision of all financial service providers licensed in Liechtenstein remains, however, exclusively the domain of the responsible supervisory authority (FMA). The Currency Treaty is a bilateral international legal treaty which is adjusted and updated regularly and as the need arises.

Article "Swiss - Liechtenstein Currency Treaty concluded 25 years ago (PDF, 42.60 KB)"

EFTA Convention (Vaduz Convention)
The Vaduz Convention undertook a comprehensive revision of the EFTA Convention, which originally was limited to the commodity trade. This revision was necessary due to the bilateral negotiations between Switzerland and the EU. On the basis of the Vaduz Convention, the treaty relations between Switzerland and the other three EFTA States are thereby raised to a level comparable to the Bilateral Agreements between Switzerland and the EU. The Vaduz Convention entered into force on 1 June 2002 at the same time as the seven Bilateral Agreements between the EU and Switzerland. Special rules exist for Liechtenstein with respect to the movement of persons, which also affects financial market supervision. The EFTA Convention now also contains provisions on the trade in services and investments. EFTA States grant each other mutual access to their markets beyond the scope of WTO standards .