The demand for Swiss banknotes: some new evidence

Swiss Journal of Economics and Statistics

Table 2 Hoarding estimates for Swiss banknotes for 2017

Estimated hoarding for 2017	Method based on ratios		Lifespan method		Seasonal method
	Share (in %)	Amount (CHF billion)	Share (in %)	Amount (CHF billion)	Share (in %)	Amount (CHF billion)
Total	61	47	60	46	58	44
CHF 1000	87	41	83	39	79	38
CHF 500	54	2	51	2	–	–
CHF 200	42	5	48	5	60	7
CHF 100	8	1	16	2	–	–

The respective hoarding shares or amounts are estimates for the year 2017, except for the CHF 500 banknote, for which we show estimates for 1996. For the method based on ratios, we only show results based on the CHF 20 bill as reference