The illustration below shows the development of nominal banknote circulation and of banknote circulation in real terms, deflated using consumer prices ( at the price level of 1907 ).
The banknotes of the former banks of issue which circulated parallel to SNB banknotes until 1910 and the Bundeskassenscheine (certificates which were redeemable in gold) issued by the Confederation and in circulation between 1914 and 1929 are included in these figures.
After that, from the end of 1907 to the end of 2012, nominal banknote circulation increased by 61'578%.
www.snb.chDie nachstehende Abbildung zeigt die Entwicklung des nominellen und des mit den Konsumentenpreisen deflationierten, realen Notenumlaufs ( zu Preisen von 1907 ).
Im Notenumlauf sind die Banknoten der früheren Emissionsbanken, die bis 1910 parallel zu den SNB-Banknoten zirkulierten, und die Bundeskassenscheine, die zwischen 1914 und 1929 im Umlauf waren, eingeschlossen.
Demnach stieg der nominelle Notenumlauf von Ende 1907 bis Ende 2012 um 61'578%.
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