Switzerland joins Hungary, Slovakia and Slovenia as European countries looking to make it a right to hold cold, hard cash.

The right to use Swiss franc banknotes and coins will be enshrined in Switzerland’s constitution after voters on Sunday backed a measure designed to safeguard the use of cash in society.

  • Pamasich@kbin.earth
    1·
    17 hours ago

    The title and description are actually wrong. Haven’t checked the article itself though. We did not vote on the right to use cash.

    The original proposal was about the following two changes to the constitution:

    • Specifying that a double majority is required to change the national currency to something other than the Swiss Franc
    • Specifying that the government is responsible that there’s always enough cash available

    That was rejected however, and what we actually accepted is the government’s counter proposal, which is to move the existing two laws referenced in the original proposal to the constitution instead.

    The laws in question were:

    • The Swiss Franc is the Swiss currency.
    • The Swiss National Bank is responsible for the cash supply.

    That’s what we actually accepted, and it’s literally just a legal reinforcement of the status quo, making them harder to change than they were before. No practical changes, as they were already laws beforehand.