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Switzerland Just Voted to Enshrine the Right To Cash In Its Constitution
5 Articles
5 Articles
The Swiss franc rockes historic maximums against the euro after shielding in the Constitution the cash and thanks to neutrality.
Now the Swiss National Bank (SNB) must always offer cash in Swiss francs. This was decided last weekend on the urns. Obligation to provide cash is thus written into the Swiss constitution. But what does that mean? In the short term, there is not much change, but in the long term, this means that the cash supply in Switzerland is secured by the constitution. Surprising turnaround in Sweden A remarkable news comes almost at the same time from Swed…
Switzerland Moves to Protect Your Right to Use Cash in New Constitution – EUROP INFO
Switzerland is poised to become one of the first countries to constitutionally guarantee the right to use cash, according to recent developments reported by the Baltic News Network. This move comes amid growing concerns over the global shift toward digital payments and the potential marginalization of cash users, particularly among the elderly and those wary of electronic transactions. By enshrining cash usage in its constitution, Switzerland ai…
On Monday morning, a Euro cost less than 90 cents for the first time. Meanwhile, the price has recovered, but the Swissmem Tech Association is still sounding the alarm and calling for measures.
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