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Popular vote · 08.03.2026Federal ballot

Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'

Votes2026
45.6% YesNo 54.4%
Votes
Rejected
Yes
45.6% 1'381'191
No
54.4% 1'646'845
Cantonal majority
9 / 23
Turnout
57.4%

Ballot-weighted result across 2'117 municipalities

Result by municipality

yes share per municipality
NoYesNo result

Result by district

yes share per district — the district figures BFS publishes; cantons without districts stay neutral
NoYesNo result

Result by district

District results as published by the FSO — top 10 yes / top 10 no

How the cantons voted

yes share per municipality

This Vorlage needed a majority of the people AND a majority of the cantons. Six cantons count as a half (BV Art. 142).

9 of 23 cantons — Rejected
NoYesNo result
Jura61.7%
Ticino58.8%
Valais57.6%
Geneva55.2%
Vaud59.8%
Zug59.2%
Lucerne59.2%
Zurich59.1%
#CantonYes shareTurnoutMunicipalities
1Jura61.7%47.9%51
2Neuchâtel59.3%51.0%24
3Ticino58.8%60.0%100
4Valais57.6%54.9%122
5Geneva55.2%57.5%45
6Schwyz53.1%60.2%30
7Fribourg52.9%57.7%119
8Schaffhausen51.2%74.0%26
9Uri50.0%50.0%19
10Glarus49.2%51.3%3
11St. Gallen46.8%56.0%75
12Appenzell Innerrhoden46.7%53.7%5
13Thurgau46.5%57.1%80
14Appenzell Ausserrhoden46.3%58.5%20
15Obwalden45.6%62.3%7
16Solothurn45.1%54.7%104
17Grisons44.0%54.6%100
18Aargau43.5%55.6%196
19Basel-Landschaft43.3%54.8%86
20Bern43.0%54.6%329
21Nidwalden42.5%61.7%11
22Zurich40.9%61.2%160
23Lucerne40.8%58.4%79
24Zug40.8%60.5%11
25Vaud40.2%64.0%300
26Basel-City37.7%62.7%3

The Federal Council publishes its official explanations in German, French and Italian only; there is no English edition, and we do not translate them.

Source: Federal Council explanations (Federal Chancellery), chapter «In Kürze» · Official page (German)

Text put to the vote on Fedlex (BBl 2025 2886, German)

Source: Fedlex, BBl 2025 2886 — official text

What was the result of the vote “Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'”?
On 08.03.2026, “Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'” was rejected with 1'381'191 yes and 1'646'845 no. Turnout was 57.4%.
How did the cantons vote on “Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'”?
The strongest yes came from Jura (61.7%), the strongest no from Basel-City (37.7%).
Was “Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'” accepted?
“Popular Initiative 'Yes to an independent and free Swiss currency with coins or banknotes (Cash is freedom)'” was rejected nationwide on 08.03.2026.