Switzerland's controversial thousand-franc note is getting a new look

Section:

By Catherine Bosley
Bloomberg News
Sunday, March 3, 2019

At jeweller Les Millionnaires, tucked away in the historic old town of Zurich, being handed a 1,000-franc bill ($1,002) to settle a purchase is no unusual event.

"It's quite frequent that we've got someone who comes in looking for a present and who pays in cash because they don't want their partner to find out," said one of the proprietors of the shop, which sells earrings, necklaces, and bracelets made of gold with precious stones. "It's the surprise effect."

True to Switzerland's penchant for discretion -- one reason cash has remained popular in the generally tech-savvy country even as its use is dwindling elsewhere -- she declines to give her name. "Here in our shop, we do get thousand-franc notes when it's a very big purchase." ...

... For the remainder of the report:

https://www.bloomberg.com/news/articles/2019-03-03/switzerland-s-controv...



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