Cash in a Box Catches On as Swiss Negative Rates Bite
- Demand surging for insurance to protect cash stores from theft
- Businesses resorting to vaults as banks pass on negative rates
Freshly struck Swiss five franc coins roll of a conveyor into a container after minting in the Swiss Confederation Swissmint in Bern.
Photographer: Michele Limina/BloombergThis article is for subscribers only.
It’s a sign the world is getting used to negative interest rates when what once seemed bizarre starts looking like the norm.
Consider Switzerland, where more and more companies are taking out insurance policies to protect their cash hoards from theft or damage.