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Bangkok Post

Business

Swiss may face referendum on keeping cash

SNB Switzerland

Most of the cash in Switzerland is held in form of the largest banknote, worth 1,000 francs (37,200 baht), suggesting that physical money is used more as a store of value rather than for everyday payments. (Photo: Reuters)

Swiss citizens are likely to vote in a future referendum on whether to enshrine the availability of cash in the constitution.

The vote would follow a grassroots initiative that is seeking to pre-emptively guard against digital money.

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