If you’ve come across some old Swiss francs in your possession, you may be wondering whether they are still valid currency.
The short answer is no, old Swiss francs are not valid legal tender and cannot be used to make purchases or payments.
In 2016, Switzerland introduced a new series of banknotes and coins to replace the old ones. The old banknotes and coins were gradually phased out over a period of several years, with the deadline for exchanging them for new currency set for April 30, 2022.
If you still have old Swiss francs in your possession, you have several options for exchanging them. If you live in Switzerland, you can exchange them at a bank or post office until June 30, 2023. If you live outside Switzerland, you can exchange them at a Swiss National Bank branch until the end of 2025.
It’s important to note that there may be fees associated with exchanging old Swiss francs, especially if you are exchanging them outside of Switzerland. Additionally, some banks or currency exchange offices may not accept old Swiss francs at all, so it’s best to check with them beforehand.
If you are unable to exchange your old Swiss francs before the deadlines, you can still hold onto them as a collector’s item. However, they will no longer be considered legal tender and cannot be used for transactions.
In conclusion, old Swiss francs are no longer valid currency and cannot be used for purchases or payments. However, they can be exchanged for new currency at banks or post offices in Switzerland, or at Swiss National Bank branches outside of Switzerland. If you are unable to exchange them, they can still be kept as a collector’s item.
