Thursday , April 18 2024
Home / SNB & CHF / Swiss National Bank releases new 20-franc note

Swiss National Bank releases new 20-franc note

Summary:
Second ninth-series note showcases Switzerland’s creativity The Swiss National Bank (SNB) will begin issuing the new 20-franc note on 17 May 2017. It is the second of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice. The inspiration behind the new banknote series is ‘The many facets of Switzerland’. Each denomination depicts a typically Swiss characteristic, which is then illustrated graphically using a range of elements. The 20-franc note focuses on Switzerland’s creativity – expressed by light, the note’s key motif. Core design elements in the new series are the hand and the globe, which appear on every denomination. As with the banknotes currently in circulation, the ninth series consists of six denominations; the colour scheme, too, remains the same. Accordingly, the main colour of the new 20-franc note is red. However, the format has been modified – the new notes are smaller and thus easier to handle. The combination of complex security features and sophisticated design provides state-of-the-art anti-counterfeiting protection. The next denomination, the 10-franc note, will be issued on 18 October 2017. The remaining notes in the series will be issued subsequently at half-yearly or yearly intervals.

Topics:
Swiss National Bank considers the following as important: , ,

This could be interesting, too:

Vibhu Vikramaditya writes Navigating the Slippery Slope: How Hoover’s Interventions Paved the Way for the Great Depression

Ryan McMaken writes Frédéric Bastiat Was a Radical Opponent of War and Militarism

Douglas French writes Millennials: In Costco We Trust

Joseph T. Salerno writes What Fed “Independence” Really Means

Second ninth-series note showcases Switzerland’s creativity

The Swiss National Bank (SNB) will begin issuing the new 20-franc note on 17 May 2017. It is the second of six denominations in the new banknote series to be released. The current eighth-series banknotes will remain legal tender until further notice.

The inspiration behind the new banknote series is ‘The many facets of Switzerland’. Each denomination depicts a typically Swiss characteristic, which is then illustrated graphically using a range of elements. The 20-franc note focuses on Switzerland’s creativity – expressed by light, the note’s key motif. Core design elements in the new series are the hand and the globe, which appear on every denomination.

As with the banknotes currently in circulation, the ninth series consists of six denominations; the colour scheme, too, remains the same. Accordingly, the main colour of the new 20-franc note is red. However, the format has been modified – the new notes are smaller and thus easier to handle. The combination of complex security features and sophisticated design provides state-of-the-art anti-counterfeiting protection.

The next denomination, the 10-franc note, will be issued on 18 October 2017. The remaining notes in the series will be issued subsequently at half-yearly or yearly intervals. The SNB will announce each new issue date well in advance. Issuance of the entire series is scheduled to be completed by 2019.


Tags: ,
Swiss National Bank
The Swiss National Bank conducts the country’s monetary policy as an independent central bank. It is obliged by the Constitution and by statute to act in accordance with the interests of the country as a whole. Its primary goal is to ensure price stability, while taking due account of economic developments. In so doing, it creates an appropriate environment for economic growth.

Leave a Reply

Your email address will not be published. Required fields are marked *