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Government wants banknote law change

National News // Feb. 22, 2018

The Swiss government says it wants to end the 20 year limit on how long discontinued bank notes can be exchanged.

 

 

Government wants banknote law change

Currently any banknotes 20 years after they’ve been withdrawn are worthless.

But the government says with people moving more often and living longer – the law needs to change.

Old notes would not be legal tender and could only be changed at the Swiss National Bank after their authenticity is confirmed.

Major currencies such as the dollar and euro don’t have a time limit for exchanges.

 

 

Tags: franc, snb, bern, money

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