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Commentaries: Art. 7 | Omnilex
Law
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CPIA · Federal Act on Currency and Payment Instruments
Art. 7
Art. 6
Art. 8
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Art. 7
Art. 6
Art. 8
941.10
CPIA
Federal Act
May 1, 2000
Original source
The National Bank shall issue banknotes commensurate with the demand for payment transactions. It shall determine their denominations and design.
It shall take back without restriction the banknotes no longer needed against reimbursement of the nominal value.
The National Bank shall withdraw worn and damaged banknotes from circulation.
In order to ensure cash distribution, the National Bank may issue regulations on the manner, place and time for the receipt and delivery of banknotes.
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