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Swiss Put Cash Into Constitution to Guard Against Its Demise
Swiss voters approved enshrining cash use in the constitution with 73% support and strengthened the Swiss National Bank's mandate to ensure cash availability.
- On Sunday, Swiss citizens approved a government proposal with 73 per cent support to enshrine cash in the constitution, naming the Swiss Franc and requiring the Swiss National Bank to ensure sufficient cash supply.
- Supporters argued preserving cash guarantees availability, resists digital surveillance, and protects informal transactions for groups reliant on cash: elderly, people with disabilities, and low-income people.
- Swissinfo asked the Cash is freedom initiative committee but received no answers, while Richard Koller, initiative initiator, said on SRF public television 'we are very much for the people, very much for people'.
- The government's official information booklet said the change will not affect everyday life or create new costs while advocates said it protects cash for elderly, disabled, low-income groups.
- Although digitalisation is high, Switzerland remains one of the few countries where voters directly decide on cash policy, giving this vote symbolic weight amid pandemic-era initiatives and Covid-19 law referendums.
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14 Articles
14 Articles
Switzerland will introduce the right to use Swiss franc banknotes and coins into its Constitution, after voters in yesterday's referendum supported a measure aimed at protecting the use of cash in society.
·Belgrade, Serbia
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A majority of Swiss people voted on Sunday that the use of cash should be enshrined in the Constitution. ... The post majority of Swiss votes against cash initiative – but for cash in the Constitution appeared first on Apollo News.
A referendum had been held on the issue.
Coverage Details
Total News Sources14
Leaning Left5Leaning Right4Center0Last UpdatedBias Distribution56% Left
Bias Distribution
- 56% of the sources lean Left
56% Left
L 56%
R 44%
Factuality
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