Switzerland postpones new notes until 2012

According to a press release dated 17 February 2010, the Swiss National Bank has decided to postpone the issuance of its new banknote series:

“Intensive efforts are underway at the Swiss National Bank (SNB) on the preparatory work for its new banknote series. The project activities have revealed that additional development work will bring improvements as regards those technological security features which are being used for the first time. However, this will take time, and as a result the project will need to be rescheduled.

“The SNB still intends to replace existing banknotes with a new series. Given the high security standard of the banknote series currently in circulation, however, there is no urgent need for replacement. To allow time for the additional development processes, the SNB is postponing the issue date of the new banknote series, which had originally been scheduled for autumn 2010. The SNB expects that the first note of the new series can be issued in 2012.

“As mentioned in previous announcements, the new banknote series depicts Switzerland as a meeting place and platform for organisation, creativity, adventure, humanity, progress and dialogue. The current denominations of CHF 10, 20, 50, 100, 200 and 1,000 and the familiar colours of the individual denominations will remain unchanged, although the new notes will be slightly smaller than the current series. As well as improving their overall proportions, this will ensure that they are even better able to meet current and future demands on payment instruments.”

Courtesy of David Liu and Christof Zellweger.

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