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Swiss snatch victory from Canada to win world’s best banknote

byCT Report
07/04/2018
in Uncategorized
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ZURICH: Switzerland’s 10-franc bill was named best banknote of 2017, edging out money from Scotland, Canada, Fiji, Norway and Djibouti to give the Swiss National Bank its second consecutive win.The first notes of the SNB’s new series were issued in 2016 and feature motifs from industry and nature rather than portraits of famous individuals.

The winning bill, depicting watch movements and a railway tunnel, debuted last October.Cash remains popular for payments in Switzerland, despite the wide availability of credit and debit cards. That’s one reason why the SNB has stood by its top denomination bill, which has a face value of 1,000 francs, despite critics such as Harvard Professor Kenneth Rogoff saying countries should scrap big bills to thwart crime. The next bill in the series — the 200 note — is due in August.

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