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Cash no longer king? Swiss National Bank begs to differ

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Published Mon, Feb 27, 2017 · 09:50 PM

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Zurich

THE Swiss central bank sought on Monday to allay fears among citizens that bank notes could eventually be phased out as a result of global money-laundering rules or the rise of alternative payment systems.

Cash will remain a crucial part of the financial system despite these concerns, Fritz Zurbruegg, deputy head of the Swiss National Bank (SNB), said.

Cash

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