SNB to issue new 50-franc banknote on April 12

(L-R) Swiss National Bank vice president Fritz Zurbruegg, SNB president Thomas J Jordan and SNB member of the board Andrea M Maechler pose in front of a giant reproduction of the new fifty Swiss franc banknote during its presentation by the Swiss National Bank on April 6, 2016 in Bern.  The new banknote will be released on April 12, 2016. / AFP PHOTO / FABRICE COFFRINI


The Swiss National Bank unveiled its new 50-franc ($52) note on Wednesday, the first in a series that features nature rather than portraits of famous men and women.
The 50-franc bill, which will begin to be issued on April 12, was designed with the theme of wind and depicts a dandelion, mountains and a para-glider. Other notes in the series have butterflies, clocks, a tunnel and sets of hands.
“Each note in the new series now depicts a typically Swiss characteristic,” SNB President Thomas Jordan said at a press conference in Bern.
They showcase “Switzerland as a place known for its organizational prowess, for its vibrant cultural scene, for the wealth of experiences it offers, as well as for its humanitarian tradition and its track record as a research hub and place of dialog.”
The launch of the bill coincides with the role of cash coming into heightened focus around the world, with well-known former policy makers such as ex-U.S. Treasury Secretary Lawrence Summers suggesting higher-denomination notes be withdrawn from circulation to clamp down on crime. Switzerland has bills with a face value of 10, 20, 50, 100, 200 and 1,000 francs and the new series will stick with those denominations.
“I can confirm that we have no plan of dispensing with the 1,000-franc note,” Jordan said.

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