• Switzerland's news in English
 
app_header_v3
New banknotes to be released — six years late
Photo: Swiss National Bank

New banknotes to be released — six years late

Malcolm Curtis · 17 Aug 2015, 11:48

Published: 17 Aug 2015 11:48 GMT+02:00

The new 50-franc banknote will be released next year followed by the 20-franc note in 2017, the central bank said in a statement on Friday.

The ten-franc, 100-franc, 200-franc and 1,000-franc bills will be subsequently issued at half-yearly or yearly intervals until 2019, the SNB said.

They will mark the ninth series of banknotes to be issued by the SNB since it started producing banknotes for Switzerland in 1907.

But the latest series has encountered problems and repeated delays since a 2005 competition to design the new money, designed with the latest security features to deter counterfeiting.

The winning designs featuring blood cells and embryos, by artist Manuel Krebs, was ultimately abandoned by the SNB after public opposition.

Designs by Zurich graphic artist Manuela Pfrunder, the second place winner of the competition, were finally adopted.

Unlike the current banknotes, Pfrunder's designs do not feature images of famous Swiss people.

The 50-franc note shows a mountain and figures who appear to be hiking on one side with an image of the sun on the reverse side.

Skiers slaloming through a race course are on the ten-franc note but human figures are largely absent from designs for the other notes that include representations of a butterfly, snow crystals and wavy lines plotted by a graph.

After Pfrunder's designs were decided upon, Orell Füssli, the Zurich-based printer for the central bank, reportedly encountered technical problems with its supply of paper, which must be capable of incorporating the new security features.

The exact nature of the features will be disclosed when the first 50-franc denomination is put into circulation next year.

The SNB said the new notes are designed to last at least 15 years.

See also: SWISS BANKNOTES STOLEN FROM CENTRAL BANK PRINTER

Story continues below…

It emphasized that the current series of banknotes put into circulation between 1995 and 1998, remain secure and can continue to be produced in the quantities needed.

Indeed, according to a 2011 report from the University of Lausanne, Swiss banknotes remained far less likely to be counterfeited than the euro, the US dollar or the British pound.

The report, citing information from central banks, said the ratio of counterfeited banknotes was about one in 100,000 real banknotes for the Swiss franc.

The is compares with ratios of one in 20,000 for the euro, one in 10,000 for the dollar and one in 3,333 for the pound.

For more news from Switzerland, join us on Facebook and Twitter.

Malcolm Curtis (news@thelocal.ch)

Your comments about this article

Today's headlines
Swiss back new law to allow phone and email tapping
A security camera keeps watch over proceedings in Davos: Photo: Johannes Eisele/AFP

Swiss voters approved a new surveillance law on Sunday, in a victory for the government.

Swiss politician argues against hijab in ID photos
The official guidelines should what ID photos allow. Photo: FedPol

Should the Islamic headscarf be banned in photographs for official Swiss documents?

Swiss driverless bus trial suspended after crash
Photo: PostBus

The pioneering self-driving bus was involved in a minor collision with a van.

Swiss supermarkets to charge for plastic bags
Photo: Migros

Migros and Coop will introduce charges for single-use plastic bags this year.

Swiss police arrest Algerian rebel wanted in France
Merouane Benahmed in 2015. Photo: Pascal Pavani/AFP

Merouane Benahmed has filed a claim for asylum in Switzerland.

In pictures: Inside the latest Swiss luxury hotel
Photo: Royal Savoy

On the eve of its inauguration, The Local takes a peek inside the Royal Savoy in Lausanne.

Swiss-EU relations
Swiss press criticize Bern’s 'capitulation' on immigration
The Swiss President and EU leaders cosy up at the opening of the Gotthard tunnel in June. Photo: Ruben Sprich/AFP

Is the Brexit camp taking note?

Valais man caught driving 100km/hr over speed limit
The speed was recorded by a police radar camera. Photo: Valais police

He could face a four-year prison sentence.

Swiss-EU relations
Row as Swiss MPs give in on EU migrant curbs
The debate over EU immigration became heated in parliament on Wednesday. File photo: Justus Blumer

Is parliament's proposal a necessary solution or the “death of direct democracy”?

Wawrinka continues winning streak in Russia
The Swiss champ during his US Open title match. Photo: Jewel Samad/AFP

Top seeded US Open champion Stan Wawrinka cruised comfortably into the last eight at the Saint Petersburg Open.

Sponsored Article
7 tips for learning Swiss French
Photo: AFP
National
Geneva airport bomb hoaxer faces 90,000-franc bill
Photo: Schaffhausen police
National
Mother leaves toddler son alone in car to go clubbing
Photo: Fabrice Coffrini/AFP
Swiss populist attacked by knife-wielding pensioner
Sponsored Article
Why Jordan is the ‘Different’ East
Photo: File
Politics
Bern argues over passports for 3rd generation foreigners
Photo: Broad Bean Media
Education
Muslim pupils must shake hands – ‘no ifs and buts’
Photo: AFP
Society
Swiss ‘slave children’ to finally get compensation
Photo: Jan Geerk/Swiss-image.ch
Lifestyle
Zurich named ‘greenest’ city on the planet
Photo: Swiss
National
Brawl over seats forces Swiss to abort flight
Photo: Daniel Stockhammer
Culture
Research shows typical Swiss chalets ‘not actually Swiss’
Photo: AFP
National
Switzerland to get nationwide disaster alert system
Photo: S3
National
Swiss space firm boss left badly injured in violent attack
Photo: ETH Zurich
Education
ETH Zurich crowned best uni in continental Europe – again
File photo: Martin Abegglen
National
Report: Swiss citizenship rules leave some stateless
Photo: Fabrice Coffrini/AFP
National
Fatal crash: pilot told to fly below safe altitude
Photo: Peter Linke
Business & Money
Elderly Italian on benefits stashed €1m in Swiss bank
Photo: Stuart Richards
Society
Court sides with chickens in dispute over noisy henhouse
Photo: SAC
Lifestyle
Hiking: 7 incredible Swiss Alpine Club cabins
Photo: David Abercrombie
National
Swiss politician arrested over illegal entry of migrants
Photo: Coiffure X
National
Chewbacca stolen in ‘terrorist attack’ on Swiss hair salon
Photo: AFP
National
Foreigners in Switzerland surpass 2 million mark
Photo: AFP
National
Expert predicts major quake for Switzerland by 2040
Photo: The Local
National
Geneva runs out of permits for non-EU workers
Photo:C Carlstead
National
Geneva advises teachers on religion in school
4,279
jobs available