Hard currency holdings is written into the constitution of Switzerland
Switzerland’s formerly cash-obsessed citizens are falling out of love with physical money.
About 36% of consumer transactions were settled using physical money in 2022, according to a Swiss National Bank survey published on Thursday. That compares with 43% in 2020 — when the pandemic was raging, discouraging the use of cash — and 70% in 2017. Another 33% were settled with debit cards, 13% using credit cards and 11% via mobile payment apps...
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