Swiss National Bank launches competition to design new banknotes

The Swiss National Bank (SNB) is launching a competition to design a new banknote series on the theme of “Switzerland and its altitudes”. The colours of the banknotes and the usual denomination will not change. + Get the most important news from Switzerland in your inbox “We assume that the new banknotes will be issued in the early 2030s at the earliest,” said new SNB President Martin Schlegel to the media on Wednesday. The use of cash continues to play a major role in Switzerland, even in times of payment apps and cards. Schlegel said that he was also looking forward to the new banknotes. The SNB is starting the planning process early. The current banknote series, which was introduced between 2016 and 2019, is still very forgery-proof, he said. However, it has now reached around half of its lifespan. As a rule, new banknotes are launched every 15 to 20 years. Let the competition begin From February to July 2025, competitors will be able to develop banknote designs. This will be ...