by The issuance of the ninth banknote series was concluded on 12 September 2019. The Swiss National Bank intends to communicate the statutory recall of the banknotes from the eighth series two months in advance in the first half of 2021. Notes from the eighth series will remain legal tender until they are recalled and may continue to be used or exchanged without restriction. After their recall by the SNB, the banknotes lose their status as legal tender. They can, however, be exchanged at the SNB counters in Berne and Zurich or at an SNB agency for an unlimited period of time. Further information is available on the SNB website. Download PDF You Might Also Like SNB COVID-19 refinancing facility expanded to
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The issuance of the ninth banknote series was concluded on 12 September 2019. The Swiss National Bank intends to communicate the statutory recall of the banknotes from the eighth series two months in advance in the first half of 2021.
Notes from the eighth series will remain legal tender until they are recalled and may continue to be used or exchanged without restriction.
After their recall by the SNB, the banknotes lose their status as legal tender. They can, however, be exchanged at the SNB counters in Berne and Zurich or at an SNB agency for an unlimited period of time.
Further information is available on the SNB website.
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The Swiss National Bank announced the establishment of the SNB COVID-19 refinancing facility (CRF) on 25 March 2020. This facility allows banks to obtain liquidity from the SNB by assigning credit claims from corporate loans as collateral. In so doing, the SNB enables banks to expand their lending rapidly and on a large scale.
SNB’s swollen balance-sheet poses risk to ‘credibility’
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Economic cost of pandemic will be enormous: SNB chief
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According to a popular way of thinking, monopolies undermine the efficient functioning of the market economy by being able to influence the prices and the quantity of products. Consequently, this undermines the well-being of individuals in the economy. By this way of thinking, the inefficiency emerges because of the deviation from the ideal state of the market as depicted by the “perfect competition” framework.
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Readers ask for specific recommendations for successfully navigating the post-credit/speculative-bubble era and I try to do so while explaining the impossibility of the task. As the bogus prosperity economy built on exponential growth of debt implodes, we all seek ways to protect ourselves, our families and our worldly assets.
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