Which Swiss institution issues the country's banknotes?

The Swiss National Bank issues Switzerland's banknotes.

Switzerland's central bank was established in 1907 and began operations in 1907. It is responsible for the country’s monetary policy and works to ensure price stability while taking economic developments into account.

The Swiss National Bank has a distinctive constitutional and legal position. Although it is a public-law institution, its shares are traded on the stock exchange, and cantons, cantonal banks, and other public bodies hold much of its capital. Private individuals can also own shares, although shareholder rights are limited by law.

The bank’s role is broader than printing currency. It manages monetary conditions, contributes to financial stability, supplies the economy with liquidity, and helps operate payment systems. The Swiss franc is issued under its authority, not by the Swiss Federal Treasury.