No longer legal tender, can be exchanged at full nominal value at Swiss National Bank Īll series of Swiss banknotes First series 1st series of Swiss banknotes Overview Overview of all series of Swiss banknotes Ĭhangeover notes, similar to notes used by earlier banksĮugène Burnand, Ferdinand Hodler, S. In May 2021, the banknotes lost their status as legal tender and are no longer valid for payments. In April 2021, the Swiss National Bank announced that it was recalling its eighth series of banknotes issued between 19 the series was replaced by the ninth series launched between 20. Effective 1 January 2020, all banknotes starting from the sixth series issued in 1976 as well as any future series remain valid and can be exchanged for current notes indefinitely. In June 2019, the Swiss parliament passed a bill that removed the twenty-year time limit. When recalled series become valueless, the National Bank transfers an amount of money equal to the sum of the now-worthless notes to a state-run last-resort disaster insurance fund, the Swiss Fund for Aid in Cases of Uninsurable Damage by Natural Forces. Notes from these 'recalled' series could be exchanged for still-valid notes at the National Bank for up to 20 years after the date of recall, after which the notes lost all value. Switzerland is unusual among affluent countries in that it used to expire its banknotes the Swiss National Bank has declared several older series of banknotes to be no longer legal tender some time after introducing newer series. Since then, nine series of Swiss franc notes have been printed, six of which have been completely released for use by the general public, and a new series started being released in 2016.

Following the law of 8 March 1881 the Swiss National Bank had the exclusive right to issue banknotes in Switzerland. ĭuring the 19th century the cantons (states) of Switzerland had the right to print their own notes. The first banknotes in Switzerland were issued in 1825 by the Caisse de dépôt of the city of Bern.

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