How A Swiss Banknote's Life Comes To An End

(MENAFN- Swissinfo) Despite the rise of cashless payments, millions of banknotes keep circulating daily worldwide. But who decides when a note has to retire, and what happens next?

This content was published on August 28, 2024 - 09:00 1 minute

Céline joined swissinfo in 2018 as video journalist for the 'Nouvo in English' project, just after graduating from the Academie du journalisme et des medias (AJM) at the University of Neuchâtel. Originally from Ticino, she's been filming, writing and interviewing people all over Switzerland since she got her first reporter badge at 11 during a school camp.

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The Swiss love their cash , but the more a banknote travels, the shorter its lifespan. The size of tears, stains and other imperfections determine whether a note can still be used for payments or if it's time for it to go on its last journey. A banknote's second life depends on the currency: different countries get rid of old banknotes with different end goals.

In Switzerland, damaged banknotes can be exchangedExternal link at the counters of the Swiss National Bank.

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