The Swiss National Bank is the central bank of Switzerland, and it is responsible for the country's monetary policy, for issuing banknotes and for ensuring the stability of the financial system. It was created by federal law and began operations in 1907, after earlier attempts to set up a national bank had failed in popular votes, and took over the note-issuing role of many cantonal banks. The bank has its headquarters in Bern and Zurich. It is a joint-stock company whose shares are owned partly by the cantons and partly by private shareholders. It is known for its large reserves, and for its decision in 2015 to remove the franc's cap against the euro.
Before and after
- 12 May 1907Birth of Katharine Hepburn
- 22 May 1907Birth of Laurence Olivier
- 26 May 1907Birth of John Wayne
- 27 May 1907Birth of Rachel Carson
- 20 June 1907Founding of Swiss National Bank
- 6 July 1907Birth of Frida Kahlo
- 7 July 1907Birth of Robert A. Heinlein
- 24 July 1907Japan–Korea Treaty of 1907
- from August 1907 to March 1909British Antarctic Expedition (1907–1909)
More in Society, economy & sport
- c. 1800sRise of nationalism
- 17 February 1863Founding of International Red Cross and Red Crescent Movement
- 1885Founding of Stanford University
- 1 November 1897Founding of Juventus FC
- 1 January 1901Founding of Australia
- 21 May 1904Founding of FIFA
The era
This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 20th century.