New look for the Swiss Franc 1000 bank note
March 10, 2019The new CHF 1000 bill was finally presented by the Swiss National Bank and it will be in circulation starting March 13th. This is the 5th denomination to be changed out to 6 planned for a new design series. Until now following denominations have been updated: CHF 10, 20, 50 and 200. The last denomination to be updated will be the CHF 100 bank note, which will be presented in September 2019. But what is to know about the new bills and design series?
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The Federal Statistical Office publishes data on cross-border commuters in Switzerland
March 07, 2019According to the new figures of the Federal Statistical Office, about 314,000 cross-border workers commuted to Switzerland at the end of 2018.
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Swiss huge budget surplus exceeds expectations
February 26, 2019The Swiss government announced a surplus of 2018 budget that is ten times bigger than forecasted. A huge amount of 2.9 billion Swiss Francs of surplus is still a preliminary figure. The difference between reality and expectations in terms of surplus is raising concerns.
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Euro exchange rate falls as the eurozone economy slows down
February 21, 2019The common eurozone currency slipped on Tuesday by 0.1 percent in exchange rate against the US dollar, as the economic slowdown denied the good influence of progress in the US-China trade talks that sent the euro up flying on Monday. Analysts expect tough week for the single currency.
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Raising interest rates by the SNB – what’s the plan? How will it influence the Euro Franc exchange rate?
February 11, 2019Negative interest rates are being kept by the Swiss Central Bank even though the crisis is over. Many economists and market analysts believe it is high time to decide on hike of interest rates, as the current SNB monetary policy is becoming questionable. However, taking this step comes with some risks.
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