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2 Francs - State Loan Bank reserve banknote

Issuer Darlehenskasse der Schweizerischen Eidgenossenschaft (Swiss Confederation Loan Bank)
Year 1915
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Value 2 Francs
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Obverse description Printed in red-orange on paper with a central yellow guilloche underprint panel bearing the large denomination numeral 2, the obverse carries the institution's title in two lines of German script across the upper field, followed by the value expressed in German, French, and Italian. The Bundesratsbeschluss date of 27 April 1915 is printed below the central inscriptions, with the issuing authority references at lower left, two manuscript signatures across the lower centre, and the printer's imprint at lower right.
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Reverse lettering 2 2 CAISSE DE PRÊT DE LA CONFÉDÉRATION SUISSE FRANCS FRANCHI 2 FRANKEN CASSA DI PRESTITI DELLA CONFEDERAZIONE SVIZZERA 2 2
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Comments

Switzerland's Darlehenskassen notes were emergency money, authorized in August 1914 as the confederation scrambled to prevent a run on gold reserves at the outbreak of war. The 2 Francs denomination sat at the lower end of the series and was intended to ease the acute shortage of small change — hoarding had stripped coins from circulation almost overnight. Orell Füssli, Zurich's principal security printer, handled the entire series, giving these wartime issues a production quality well above most European emergency paper of the same period.

By 1918, the Darlehenskassen notes were being withdrawn as regular currency stabilized. The 1915 dating places this in the second year of issue, when demand had already peaked.

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