SNB to hand out cash earmarked for exchange of defunct notes

Swiss National Bank (SNB) — The Swiss National Bank

Jennifer Delaney

- Central Banking Newsdesk
- 09 May 2025

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Switzerland’s central bank said today (May 9) that it would hand over to the government an emergency relief fund cash that had previously been earmarked for the exchange of old banknotes.

The Swiss National Bank (SNB) is to transfer a total of Sfr890.6 million ($1.07 billion) that was set aside for the exchange of sixth-series banknotes, which ceased to be legal tender in 2000. The bank said the Sfr890.6 million amounted to 90% of the value of the notes that had not been exchanged by April 30 of

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