Cash is here to stay – SNB’s Zurbrügg
SNB official says reports of cash’s “death” are “exaggerated”
An official from the Swiss National Bank (SNB) has come out in defence of cash, scolding critics for their predictions of its impending demise.
Speaking at the first World Banknote Summit, held in Basel on February 27, Fritz Zurbrügg – deputy chairman of the SNB's governing board – argued that cash is a safe form of payment and is here to stay.
"As the supplier of Swiss franc banknotes, the SNB thus takes the view the reports about the death of cash are not just exaggerated – they are
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