The Federal Act on Currency and Payment Instruments, which entered into force on 1 May 2000, lays down the currency unit and contains regulations on all the characteristic features of currency and money (legal tender). In addition to coins and banknotes, Swiss franc denominated sight deposits at the Swiss National Bank are also deemed to be legal tender. The institutions that process payment transactions (commercial banks and several of their jointly operated organisations, Swiss Post and large security transport companies) are entitled to open a sight deposit account with the National Bank.
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Federal Act on Currency and Payment Instruments
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Coinage Ordinance
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German:
French:
Italian:
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