Switzerland releases new version of banknote worth €881

Switzerland’s central bank has unveiled a redesigned version of its 1,000-franc (€881) note.

The Swiss National Bank said the overhauled version of its highest-denomination note is “smaller and thus easier to handle” than its predecessor, as well as incorporating “complex security features”.

The purple and yellow note, featuring a handshake on one side and the Swiss parliament on the other, will go into circulation from March 13.

Fritz Zurbruegg, vice president of the board of directors, presents the new banknote in Zurich (Ennio Leanza/Keystone/AP)
Fritz Zurbruegg, vice president of the board of directors, presents the new banknote in Zurich (Ennio Leanza/Keystone/AP)

The 1,000-franc note is a longstanding tradition in cash-friendly Switzerland.

The country’s approach contrasts with that of the European Central Bank, which in 2016 decided to discontinue production of its €500 note.

The ECB dropped its biggest note amid concerns that it had become too popular among crooks and money launderers.

- Press Association

More on this topic

McGregor and McIlroy on Forbes list of top paid athletes

Making Cents: Package-free shop is good for the pocket and planet

Swiss mist

Making Cents: Employees have tax incentive to work from home

More in this Section

Tory contenders won’t stand aside for Boris Johnson

Hong Kong set for street march as protester death mourned

Oil tanker’s crew land in Dubai after Gulf of Oman attack

Jeremy Corbyn accused of ‘virulent anti-Americanism’ over Iran threat


Lifestyle

There’s no fallback on Everest, so what drives climbers to the challenge?

Want to make the most of an urban garden space? Here are seven ideas

More From The Irish Examiner