Switzerland Unveils New High-Value Franc Notes, Maintains Cash Preference

• Switzerland's central bank approved designs for a new series of 10, 20, 50, 100, 500, and 1,000 franc notes, to be issued starting around 2030.
• The 1,000 franc note, valued at over 1 lakh Indian rupees (approx. 1,280 US dollars), is among the world's most expensive banknotes.
• Despite global digital payment trends, Switzerland maintains a strong preference for cash, with citizens considering it safe.
• New notes will feature diverse colors and designs, representing Switzerland's culture, natural sites, identity, and history.
• Designs were selected from public and designer proposals, aiming to maintain a robust cash system.