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New 100 Swiss Franc Note Coming Soon

15 days ago

Recently, the Swiss National Bank (SNB) unveiled the new 100 franc banknote.
Only one note missing – © Janusz Pieńkowski | Dreamstime.com
The note’s design is inspired by Switzerland’s tradition of humanitarianism, represented on the note by water.
The note remains blue but is much smaller than the existing one, making it easier to fit into wallets.
The note is the last one in Switzerland’s ninth series of notes to be updated. Updating the series began in April 2016 with the introduction of a new 50 franc note.
The series’ theme, which was designed by Manuela Pfrunder, is the “Many facets of Switzerland”
With 125 million notes in circulation, the 100 franc note is Switzerland’s most popular. The 20 (86 million), 10 (76 million) and 50 (58 million) trail far behind

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Swiss Central Bank under Pressure as Franc Rises

July 26, 2019

Yesterday, the Swiss franc reached its highest level against the euro in two years. The EUR/CHF exchange rate reached 1.097 on 24 July 2019, a rate not seen since early 2017.
Source: Valeriya Potapova – Click to enlarge
Upward pressure on the franc is partly being driven by expectations of interest rate cuts by eurozone and US central banks. In addition, the franc is considered a safe haven currency and typically rises when global risk perceptions rise.
The Swiss National Bank (SNB) has limited options for stemming the franc’s rise. Interest rates on sight deposit account balances are already negative, although a more negative rate is possible.
The last time the bank intervened in the market – it sold francs

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Police Warn of fake Swiss Franc Notes

December 31, 2018

Since the beginning of December 2018 more and more counterfeit 100 Swiss franc notes have been appearing in the Swiss canton of Valais in and around Sion and Conthey.
©-Ginasanders-_-Dreamstime.com_ – Click to enlarge
The fake notes, which the local Police say can be spotted if compared to real ones, have been making their way into circulation via shopping centres, kiosks and service stations in the Sion and Conthey region.
Counterfeiting is rare in Switzerland because Swiss notes are virtually impossible to recreate.
The Police recommend comparing suspicious notes to real ones and contacting them immediately on 027 326 56 56.

Related posts: The

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The secrets of the new 200 Swiss franc note

August 24, 2018

Switzerland began updating its notes starting with the 50 franc note in April 2016. It then issued the new 20 franc note in May 2017, and the new 10 in October 2017.
The newest note to grace Swiss wallets, pockets and purses is the 200 franc note, which was launched on 22 August 2018.

– Click to enlarge
Switzerland’s ninth banknote series moves away from the depiction of well-known personalities instead depicting typically Swiss characteristics. Each characteristic is communicated via an action, a Swiss location and other graphic elements, which include a hand, a globe and an object.
Instead of the portrait of the nineteenth century Swiss writer Charles-Ferdinand Ramuz on the current note, the new 200 reflects

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Switzerland’s vote to change its monetary system – sensible or silly?

May 21, 2018

Sometimes Swiss voters are presented with questions that only specialists are equipped to answer. The vote on 10 June 2018 to change their monetary system appears to be one of these.

© Valeriya Potapova | Dreamstime.com – Click to enlarge

On the surface it appears simple. Upon closer inspection it contains much complexity and uncertainty, compounded by a widespread misunderstanding of how the financial system works – banks do not act simply as intermediaries, lending out the deposits that savers place with them, nor do they multiply central bank money.
The initiative would bring two major changes. Firstly, it would prevent commercial banks from creating money – more on modern money creation. This task would become

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Budget busting burgers – Swiss franc still the most overvalued

January 23, 2018

The Economist has just published its January 2018 Big Mac index, a light-hearted measure of whether currencies are under or overvalued. The underlying assumption is that a Big Mac is the same whether bought in Kiev or Chur, so any price difference must be due to the exchange rate.
© Sergiomonti _ Dreamstime.com – Click to enlarge
In January 2018, Swiss Big Macs were still the world’s most expensive, making the Swiss franc the most overvalued currency, 28.1% higher than it should be. The implied exchange rate is 1.23 Swiss francs to 1 US dollar.
A key criticism of the index is that it ignores wage differences. To correct for this the Economist has an adjusted index, which factors in GDP per capita. After this

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The new 10 Swiss franc note hand mystery

October 12, 2017

The third in a series of gorgeous new Swiss franc bank notes will be released by the Swiss National Bank (SNB) on October 18th. The 10-franc note keeps its yellow colour, but most everything else in the design and construction is different.
What’s most remarkable about the new bank note? Not the 40 centimes or so it takes to make each note, nor that each note is projected to last only about a year. Not the sophisticated security measures, including multiple layers of transparent and inked polymers, paper and other materials, plus other features embedded to combat counterfeiting – all this is done in Zürich by Orell Füssli.
Most remarkable is what this note, like the rest of the new series, does not have. Swiss

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