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12.09.1848
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First Federal Constitution comes into effect. Under article 36, the right to mint coins devolves upon the Confederation. RO I 15.
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07.05.1850
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Federal Coinage Act. Introduction of silver currency. RO I 305.
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31.01.1860
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Revision of the Coinage Act; legal recognition of both French gold coins and gold coins of equal value issued by other states. Introduction of bimetallism. RO VI 442.
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23.12.1865
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Switzerland, France, Belgium and Italy establish the Latin Monetary Union. RO VIII 825.
Greece joins the Union in 1868. RO IX 530.
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30.07.1870
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Federal Council Decree on setting the price of the British sovereign. RO X 287.
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10.08.1870
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Federal Council Decree on setting the price of the US dollar. RO X 288.
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22.12.1870
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Federal Act on the minting of gold coins. RO X 346.
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31.01.1874
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Supplementary agreement to the Treaty of Monetary Union concluded on 23 December 1865; limitations imposed on the minting of silver five franc coins. RO 1 97.
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29.05.1874
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Comprehensive revision of the Federal Constitution. Under art. 39, the Confederation is authorised to pass legislation governing the issue and redemption of banknotes. RO 1, 13.
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03.02.1876
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Declaration with respect to the Treaty of Monetary Union of 23 December 1865; minting of silver five-franc coins further limited.
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23.04.1876
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A Federal Bill on the issue and redemption of banknotes is submitted to a national vote and rejected. FF 1875 IV 481.
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01.09.1876
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A ’concordat’ concluded by 21 issuing banks comes into effect; it covers the reciprocal conversion of banknotes as well as the reciprocal delivery of mandates and collection of bills without any charges.
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05.11.1878
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New Latin Monetary Union treaty. Minting of silver five-franc coins ceases. RO 4 293.
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03.06.1879
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National Councillor Joos tables a motion that the banknote-issuing monopoly be transferred to the Confederation.
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31.10.1880
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A national initiative that article 39 of the Federal Constitution be revised in line with National Councillor Joos’ motion is rejected. FF 1880 III 595; RO 5 266.
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08.03.1881
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Federal Act on the issue and redemption of banknotes. RO 5 400.
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21.12.1881
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Ordinance in implementation of the Federal Act on the issue and redemption of banknotes. RO 5 864.
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10.06.1882
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Second ’Concordat’ concluded by issuing banks (Banknote Concordat). Creation of a joint deposit and compension fund which facilitates reciprocal conversion of banknotes.
Special ’Concordat’ covering collection and mandate business.
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04.06.1885
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Motion by National Councillor Cramer-Frey on the establishment of a central bank rejected.
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06.11.1885
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Third Latin Monetary Union treaty. New liquidation clause whereby each state is liable for the coins it issues. RO 8 425.
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24.09.1890
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Motion from National Councillor Keller on the introduction of a banknote monopoly accepted.
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13.07.1891
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Creation of the first Swiss clearing office in Zurich by the Zurich Cantonal Bank.
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18.10.1891
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A new article 39 for the Federal Constitution, whereby the banknote monopoly would be transferred to the Confederation, is submitted to a national vote and accepted. RO 12 443. Federal Council Message dated 30 December 1890. FF 189 I 1
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28.02.1897
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A federal bill on the establishment of a Swiss federal bank is submitted to a national vote and rejected. FF 1896 III 681. Federal Council Message dated 23 October 1894. FF 1894 III 565.
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24.03.1899
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Federal Council Message and second draft of legislation implementing article 39 of the Federal Constitution. FF 1899 II 194. The bill fails in the Federal Assembly in 1901 as a result of issues in connection with the new central bank’s headquarters.
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