Central Banking

SNB announces year-long delay on new banknotes


The Swiss National Bank (SNB) on February 9 announced that "technical problems" in the production of the long-awaited new banknote series would mean a delay of "at least" a year in the issuance of the currency.

Walter Meier, spokesman for the central bank, confirmed the problems originated at security printing company Orell Füssli, which is handling the order of the new banknotes.

Meier referred to a press release that was issued by the printers on December 12, 2011. "The postponement of the

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