1000 dollar monitor stand4/28/2023 ![]() While government officials or the central bank have not declared a desire to do away with currency any time soon, the latest initiative demonstrates how sensitive real money is in Switzerland. The average resident of the country has the most cash on hand, about $11,824 per person, of any country where data is collected by the Bank for International Settlements. Swiss holds the most cash per capita compared to other major countries in dollar-equivalent terms. The Swiss Freedom Movement, the ballot's campaigners, claimed to have gathered 157,422 signatures in favour of such a vote.Ī referendum must be called under the laws of Swiss direct democracy if officials confirm that the total did, in fact, reach 100,000 or over. Following a pre-emptive campaign to protect against digital currency, Swiss residents will likely decide in a future referendum whether to include the availability of cash in the constitution.
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