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Chronicle of monetary events 1848–2010
Abbreviations
1848–1899
1900–1909
1910–1919
1920–1929
1930-1939
1940-1949
1950-1959
1960–1969
1970–1979
1980-1989
1990-1999
2000-2010
2011-2020
1940-1949
   
Date
Text
30.04.1940
Federal Council Decree on measures to amortise extraordinary defence expenditure and restore order to the confederation budget (withdrawal from the exchange equalisation fund). RO 56 410.
10.05.1940
SNB circular to banks on limiting the issue of foreign exchange.
22.07.1940
SNB circular to banks on configuration of interest rates.
14.06.1941
Swiss bank balances in the US blocked.
17.09.1941
Gentleman’s agreement with banks on buying and selling US dollars. SNB acceptance of US dollars restricted.
05.08.1942
Agreement with banks on limitations in trading gold bars and coins.
07.12.1942
Federal Council Decree on monitoring both gold trading and gold imports and exports. RO 58 1137.
Federal Department of Finance and Customs’ directive on monitoring both gold trading and gold imports. RO 58 1141.
Federal Department of Finance and Customs’ directive on value-added tax (tax on the sales of gold coins). RO 58 1144.
Federal Department of Economic Affairs’ directive on monitoring gold trading (setting maximum prices for gold). RO 58 1139.
07.12.1943
Directive issued by the trade department of the Federal Department of Economic Affairs relating to payments in US dollars for goods transactions (dollar payment requirement). RO 59 952.
01.03.1944
The SNB restricts its acceptance of US dollars originating from watch exports.
22.07.1944
Bretton–Woods agreement (International Monetary Fund and World Bank).
01.01.1945
SNB acceptance of US dollars now restricted for all export revenues.
02.03.1945
Federal Council Decree banning imports and exports of foreign banknotes and trading in such banknotes. RO 61 133.
05.10.1945
Federal Act renewing, for the years 1947 to 1957, the SNB’s exclusive right to issue banknotes. RS 6 94. Federal Council Message dated 24 July 1945. FF 1945 I 865.
25.05.1946
Conclusion of the Washington Agreement covering the liquidation of German assets in Switzerland, the release of Swiss bank balances in the US, the abolition of the blacklists, and payment by Switzerland of CHF 250 million in gold to the allies. RS 14 348.
28.10.1946
Federal Department of Finance and Customs’ directive on monitoring both gold trading and gold imports and exports (facilitating gold trading). RO 62 950.
30.11.1946
Unfreezing of Swiss bank balances in the US.
19.12.1946
Federal Decree on a withdrawal from the exchange equalisation fund. RO 62 1061. Federal Council Message dated 8 November 1946. FF 1946 III 985.
27.12.1946
Federal Council Decree on the certification of Swiss assets in the US. RS 10 774.
31.10.1947
Repeal of the Federal Council Decree banning imports and exports of foreign banknotes and trading in such banknotes. RO 63 1169.
01.09.1948
New SNB agreement with the Federal Department of Economic Affairs on the financing of obligatory stocks.
29.12.1948
Federal Council Decree on gold transit. RO 1948 1284.
22.05.1949
The Swiss people reject a revision to art. 39 of the Swiss Constitution. Federal Council Message dated 5 November 1948. FF 1948 III 693.
23.09.1949
Repeal of the dollar payment requirement and dollar management in general. RO 1949 1344.
 
Note on the English translation: For official titles and designations see the German and French versions. The English translations provided here are for guidance only.