The Local Switzerland

Facebook cryptocurrency 'Libra' launches in Geneva

Tue, 15 Oct 2019 11:48:05 +0200

The Libra Association, created by Facebook to launch its new cryptocurrency, has announced its 21 founding members after defections by previous supporters including Visa and Mastercard.

Unveiled: Here is the new Swiss 100-franc banknote

Tue, 03 Sep 2019 12:30:34 +0200

On Tuesday, the Swiss National Bank (SNB) unveiled the country’s new 100-franc note in an event that received the sort of media coverage usually reserved for Oscar nominations or Champions League draws.

Your questions answered: the new Swiss 1,000-franc note

Tue, 05 Mar 2019 21:18:32 +0100

From colour choice to controversies, here is everything you need to know about the new version of Switzerland's very valuable 1,000-franc bill.

Switzerland’s new 200-franc note set for August release

Mon, 19 Mar 2018 13:31:34 +0100

The hi-tech banknote with a design showcasing Swiss technology will be unveiled on August 15th and go into circulation a week later, the Swiss National Bank (SNB) said in a statement on Monday.

SNB moves to stabilize franc after Brexit vote

Fri, 24 Jun 2016 11:52:32 +0200

The Swiss National Bank (SNB) says it has "intervened" in the foreign exchange market to stabilize the franc, considered a safe haven currency, following the Brexit vote.

Geneva’s local currency launches in Lausanne

Fri, 10 Jun 2016 14:20:12 +0200

The léman, a local currency that launched in Geneva last autumn, is to be extended to Lausanne.

Zug to let residents pay bills using bitcoin

Tue, 10 May 2016 14:08:04 +0200

Residents of Zug will soon be able to pay for public services in bitcoin, the city council has said.

SNB records higher profit than expected

Thu, 07 Mar 2013 11:22:00 +0100

The Swiss National Bank (SNB) has reported a profit of 6.9 billion francs in 2012 – one billion more than estimated in January.

Swiss benefitting from euro crisis: economists

Tue, 05 Jun 2012 12:57:50 +0200

The Swiss economy is benefitting more than first thought from the euro crisis, economists believe.

Swiss franc gains against euro

Mon, 19 Dec 2011 17:03:00 +0100

The Swiss franc rose further against the euro on Monday despite last week's decision by the central bank to maintain its cap on the exchange rate.

No price cuts on imports despite strong franc

Thu, 10 Nov 2011 14:46:48 +0100

A study commissioned by the Ministry of Economic Affairs says retailers have failed to lower their prices despite getting 40 percent of their products for less thanks to the growth in value of the national currency.

Gold's status boosted as Swiss weaken franc

Wed, 07 Sep 2011 19:32:00 +0200

Gold's status as a safe haven in times of economic turmoil is set to strengthen, pushing the precious metal to fresh record highs, after Switzerland weakened its currency, analysts said on Wednesday.

Strong franc causes cut in growth forecast

Tue, 14 Jun 2011 11:34:00 +0200

The Swiss government on Tuesday cut its growth forecast for 2012, saying the strengthening Swiss franc has brought new risks.