Switzerland releases new version of banknote worth $1,000

Young journalists club

News ID: 36342
Publish Date: 17:24 - 05 March 2019
TEHRAN, Mar 05 - It's purple and yellow, and very valuable: Switzerland's central bank has unveiled a redesigned version of its 1,000-franc ($1,000) note.

Switzerland releases new version of banknote worth $1,000TEHRAN, Young Journalists Club (YJC) - The Swiss National Bank said Tuesday 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 note, featuring a handshake on one side and the Swiss parliament on the other, will go into circulation starting March 13.

The 1,000-franc note is a longstanding tradition in cash-friendly Switzerland. Still, the country's approach contrasts with that of the European Central Bank, which in 2016 decided to discontinue production of its 500-euro note — currently worth $567.

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

Source: AP

Your Comment