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Swiss National Bank

The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

Articles by Swiss National Bank

Announcement regarding recall of banknotes from eighth series

18 days ago

The issuance of the ninth banknote series was concluded on 12 September 2019. The Swiss National Bank intends to communicate the statutory recall of the banknotes from the eighth series two months in advance in the first half of 2021.
Notes from the eighth series will remain legal tender until they are recalled and may continue to be used or exchanged without restriction.
After their recall by the SNB, the banknotes lose their status as legal tender. They can, however, be exchanged at the SNB counters in Berne and Zurich or at an SNB agency for an unlimited period of time.
Further information is available on the SNB website.
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The Swiss National Bank announced the establishment of the SNB COVID-19 refinancing facility (CRF) on 25 March 2020. This facility allows banks to obtain liquidity from the SNB by assigning credit claims from corporate loans as collateral. In so doing, the SNB enables banks to expand their lending rapidly and on a large scale.
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With effect from 1 May 2020, Fabian Schnell will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Zurich region. He succeeds Rita Kobel Rohr, who is taking on a new position at the SNB’s General Secretariat on 1 July 2020.
Fabian Schnell studied economics at the University of St. Gallen and completed his doctorate there. He is currently a Member of Management at Avenir Suisse and Head of Research in the Smart Government section. Prior to that, he held various positions as Research Assistant at the University of St. Gallen and Project Manager in economic policy & education at economiesuisse. He is also an Associate Lecturer in economics at the University of St. Gallen.
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SNB appoints new delegate Fabian Schnell for regional economic relations for Zurich region

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With effect from 1 May 2020, Fabian Schnell will assume the function of Swiss National Bank (SNB) delegate for regional economic relations for the Zurich region. He succeeds Rita Kobel Rohr, who is taking on a new position at the SNB’s General Secretariat on 1 July 2020.
Fabian Schnell studied economics at the University of St. Gallen and completed his doctorate there. He is currently a Member of Management at Avenir Suisse and Head of Research in the Smart Government section. Prior to that, he held various positions as Research Assistant at the University of St. Gallen and Project Manager in economic policy & education at economiesuisse. He is also an Associate Lecturer in economics at the University of St. Gallen.
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