List of motifs on banknotes
The official currency of Switzerland is the Swiss franc (CHF). The motifs used are:
Currency intervention
The Economist asserts that the SNB dropped the cap for the following reasons: first, rising criticisms among Swiss citizens regarding the large build-up of foreign reserves. Fears of runaway inflation underlie these criticisms, despite inflation of the franc being too low, according to the SNB. Second, in response to the European Central Bank's decision to initiate a quantitative easing program to combat euro deflation. The consequent devaluation of the euro would require the SNB to further devalue the franc had they decided to maintain the fixed exchange rate. Third, due to recent euro depreciation in 2014, the franc lost roughly 12% of its value against the USD and 10% against the rupee (exported goods and services to the U.S. and India account for roughly 20% Swiss exports).