When will the new Swiss banknotes arrive in circulation?

The SNB is working toward a 2031 start for circulation. Expect a staged rollout by denomination, with a period of dual circulation where old and new notes both remain valid. Detailed schedules will come closer to launch so banks, retailers, and device vendors can plan upgrades.

Who is leading the SNB banknote design for the new series?

Lausanne-based Emphase design agency won the competition to lead the visual concept for the new series. The SNB will combine design work with security engineering and machine-readability requirements. This aims to balance strong protection with notes that are clear, practical, and easy to authenticate.

What cash security features should we expect?

While final details will come later, investors can expect a multi-layer approach that supports both human checks and machine verification. The goal is faster authentication, fewer false rejects, and reduced fraud losses. Stronger features also help ATMs and sorters work more reliably during high-volume processing.

How should Swiss retailers and banks prepare for the change?

Start early by contacting hardware vendors for software updates, certification roadmaps, and testing slots. Train staff on recognition, acceptance rules, and counterfeit checks. Plan for signage and customer communication during dual circulation. Budget across several years to manage device upgrades without disrupting daily operations.

Global Market Insights

March 5: SNB Unveils New Swiss Banknotes, Security Upgrade by 2031

ByDanny Kontos March 5, 2026

The Swiss National Bank has revealed the winning concept for new Swiss banknotes, planned to enter circulation from 2031. The SNB banknote design will be led by the Emphase design agency, with a strong focus on enhanced cash security features and public input. For Swiss investors and operators, the long lead time signals procurement and upgrade cycles across printers, ATMs, POS devices, and cash centers. We outline the timeline, design priorities, and the operational impact across Switzerland’s payments and retail networks.