• Switzerland's news in English
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

Facebook Twitter Google+ reddit

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.


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)

Facebook Twitter Google+ reddit

Your comments about this article

Today's headlines
Inside Switzerland’s largest nuclear bunker – 40 years on
Designed to house 20,000 people, the bunker was built in and over two motorway tunnels. Photo: Unterirdisch Ueberleben

The Local takes a tour of the Sonnenberg bunker in Lucerne, opened 40 years ago at the height of the Cold War.

Ten Swiss ski resorts named most expensive in Europe
File photo: Renato Bagattini/Swiss Tourism

Skiers in Switzerland pay the highest prices for their ski passes of anywhere in Europe, according to research.

Eco group fights Bern over wind farm plans
There are currently more than 30 wind farms in Switzerland. Photo: Alpiq

Wind turbines are “gigantic and destructive” machines, says Paysage Libre Suisse.

Vegan wins battle to be accepted by Swiss army
Antoni Da Campo will now carry out his military service. Photo: Antoni Da Campo

A Swiss man who was told he would not be accepted for military service because of his strict veganism has finally succeeded in making the army change its mind.

Geneva terror suspects to receive compensation
File photo: Emran Kassim

The Swiss public prosecutor has dropped the case against them.

Ticino firefighters rescue cow from swimming pool
File photo: The Local

The cow was at risk of drowning after falling into the private pool.

Uefa Champions League
Basel 'ready for battle' in Champions League clash
Basel training in Paris. Photo: Franck Fife/AFP

Swiss champions Basel fancy their chances of springing a surprise when they face Paris Saint-Germain on Wednesday.

Burst pipe causes major flood in Lausanne
The water flooded Place de la Riponne in Lausanne. File photo: Swiss Tourism/Christof Schuerpf

Water rushed down the streets after a pipe burst in the city centre.

Outcry after ‘neo-Nazi’ music festival held on Swiss soil
The village of Unterwasser was the tranquil location for the festival. Photo: Swiss Tourism

Should police have intervened?

Seven things you’ll miss about Switzerland if you leave
Switzerland: what's not to miss? Photo: Christian Perret/Swiss Tourim

Former expats in Switzerland tell The Local what they miss about living here.

Sponsored Article
How to vote absentee from abroad in the US elections
Photo: Richard Juilliard/AFP
Man makes Geneva airport bomb threat ‘for a joke’
Sponsored Article
Last chance to vote absentee in the US elections
Photo: AFP
Solar Impulse team reveals plans for unmanned plane
File photo: Martin Abegglen
Swiss to vote on passport rules for 3rd gen foreigners
Sponsored Article
How to vote absentee from abroad in the US elections
Photo: AFP
Swiss wingsuit hotspot Lauterbrunnen won’t impose ban
Photo: Swiss Tourism
Six reasons Switzerland isn’t as boring as you might think
Photo: Swiss Tourism
Report: Switzerland one of world’s best places for girls
Photo: The Local
Thief returns Swiss cow bells worth thousands
File photo: Wikimedia Commons
One in three rapists isn’t locked up: statistics
Photo: activistin.ch
Tampon-tax protest turns Zurich fountains red
Photo: AFP
Geneva police to lift ban on bearded officers
Photo: Marcel Gillieron/AFP
Suicide chef’s restaurant keeps Michelin stars
Photo: Lara de Salis
11 things the Swiss get tired of hearing abroad
Photo:  Ivo Scholz/Swiss-image.ch
Survey: expats in Switzerland have money but few friends
Photo: AFP
Swiss press criticize Bern’s 'capitulation' on immigration
Photo: Jura Trois Lacs tourism
German ex-policeman is Swiss city’s new hermit
Photo: Dmitry A. Mottl
Ticino votes to favour local workers over foreigners
Photo: file
Some deodorants could cause breast cancer: Swiss study
Photo: Royal Savoy
In pictures: Inside the latest Swiss luxury hotel
Photo: AFP
Geneva airport bomb hoaxer faces 90,000-franc bill
Photo: Schaffhausen police
Mother leaves toddler son alone in car to go clubbing
Photo: Fabrice Coffrini/AFP
Swiss populist attacked by knife-wielding pensioner
Photo: File
Bern argues over passports for 3rd generation foreigners
Photo: Broad Bean Media
Muslim pupils must shake hands – ‘no ifs and buts’
jobs available