Last Wednesday, the Swiss National Bank (SNB) announced that old Swiss banknotes would no longer be legal tender from Friday, 30 April 2021. The short notice period has generated complaints and confusion.
© Marekusz | Dreamstime.comThe eighth series of Swiss banknotes did not lose their value, however, they are no longer an accepted means of exchange. The only places they can still be used are at Swiss Rail and Swiss Post until the end of October 2021. They can however be exchanged at SNB cash desks and select branches of some cantonal banks for their full value. There is no time limit on doing this.
Despite there being no time limit, some rushed to SNB cash desks and banks to change notes before the 30 April deadline, and long queues formed outside some bank branches, according toRead More »