Found an error?
Report now
Finance Minister Karin Keller-Sutter wants to enshrine the supply of cash in the constitution. Instead of the cash initiative, however, she advocates an alternative text.
Keystone
"The Swiss currency is the franc. The Swiss National Bank guarantees the supply of cash.": The Federal Council and parliament want to add these two sentences to the Federal Constitution. This has no practical implications.
On March 8, the people and the cantons will decide on the popular initiative "Cash is freedom" and the direct counter-proposal adopted by Parliament. Both proposals aim to amend the article in the Federal Constitution on monetary policy.
The law currently stipulates that the Swiss National Bank (SNB) guarantees the supply of cash and that the Swiss franc is the Swiss currency. Parliament and the Federal Council now want to write these formulations into the constitution. The provisions could only be changed by a popular vote with a majority of the people and the cantons.
According to the Federal Council, neither the popular initiative nor the counter-proposal will have any practical impact. There will be no new tasks and no additional costs.
13.01.2026, 14:46
13.01.2026, 15:44
