English is not an official language of the Swiss Confederation. This translation is provided for information purposes only and has no legal force.
Art. 7 Issue of Banknotes
1 The National Bank shall issue banknotes commensurate with the demand for payment transactions. It shall determine their denominations and design. 2 It shall take back without restriction the banknotes no longer needed against reimbursement of the nominal value. 3 The National Bank shall withdraw worn and damaged banknotes from circulation. 4 In order to ensure cash distribution, the National Bank may issue regulations on the manner, place and time for the receipt and delivery of banknotes.
Art. 8 Replacement of banknotes
1 The National Bank shall provide compensation for a damaged note, provided that its series and number are recognisable and the holder presents a part that is larger than half or proves that the missing part of the note has been destroyed. 2 The National Bank shall not provide any compensation for destroyed, lost or counterfeit notes.
Art. 9 Recall
1 The National Bank may recall note denominations, types and series. 2 The public cash offices of the Confederation shall accept the recalled notes in payment at their nominal value for a period of six months following the first notice of recall. 3 Notwithstanding paragraph 4 and subject to Article 8, the National Bank is required to exchange at nominal value recalled notes that were issued from 1976 as part of the sixth banknote series or as a subsequent series. 4 The equivalent value of recalled notes that are not returned for exchange shall be allocated after 25 years from the first notice of the recall as follows: a. one fifth of 90 per cent of the equivalent value shall go to the Swiss Fund for Aid in cases of Uninsurable Damage by Natural Forces and of the remaining four fifths of the 90 per cent of equivalent value, one third goes to the Confederation and two thirds to the cantons; b. 10 per cent of the equivalent value shall be retained by the National Bank in order to meet the
Para. 3 — Amended by No I of the FA of 21 June 2019 (Time Limit for Exchanging Banknotes), in force since 1 Jan. 2020 (AS 2019 3769; BBl 2018 1097). Para. 4 let. b — Amended by No I of the FA of 21 June 2019 (Time Limit for Exchanging Banknotes), in force since 1 Jan. 2020 (AS 2019 3769; BBl 2018 1097).