news conference on new banknotes berne, 3 september 2019 fritz zurbrugg introductory remarks by fritz zurbrugg ladies and gentlemen i am very pleased to welcome you to our presentation of the new 100 - franc note, the last denomination of the ninth banknote series to be issued. to mark the final milestone in this challenging project, as well as inviting the media we also have some guests here who were heavily involved in developing and producing the new banknote series. it gives me great pleasure to welcome representatives from our suppliers orell fussli, landqart, sicpa and kurz. i am going to start by unveiling the hotly anticipated 100 - franc note, before showing you the full series, with all six denominations together for the first time. my colleague thomas jordan will then review the issuance process for the entire new series, before looking to the future. after that, we will take your questions on the new 100 - franc note, and the ninth series in general. we do of course have all the denominations here with us, so that you can take photos of both the 100 - franc note and the entire series. finally, we will round off today ’ s event with a drinks reception, to which you are all warmly invited. but let ’ s start by unveiling the last denomination in the new banknote series. voila, the new 100 - franc note. i ’ ll now take you through the details of the new note. like its predecessor, the new 100 - franc note is blue. and, as with all the other denominations in the new series, it is narrower and shorter than the previous note. the theme of the 100 - franc note is switzerland ’ s humanitarian tradition, and the key motif is water. both are reflected in the note ’ s core design elements. the hand and the globe are the main images on the front of the note. the hands are scooping up water, and isobars are depicted over the globe. page 1 / 3 berne, 3 september 2019 fritz zurbrugg news conference on new banknotes the back of the note shows an irrigation channel, or ‘ suone ’, feeding glacial meltwater down a cliff face to the fields below. a suone is a method of transporting water from high altitudes to lower - lying areas for irrigation purposes. in the past, such irrigation channels were used for land cultivation, especially in the valais region.

the policy making and implementation have created a lot of confusion, waste of efforts and inadequate outcomes. there are too many players moving in different directions. there is a need for clear definition and delineation of responsibilities between the various tiers of the government and accountability of results. at the same time there are areas such as regulation of private institutions in education and health that are begging for action by the government and there is nobody in charge. these gaps, ambiguities and lack of defined responsibilities have given rise to weak governance in this sector. second, at each tier of government there is a bundling of policy, executing and regulatory functions within the education and health ministries and departments. this concentration of powers impairs the capacity of the departments to deliver the services. there is an urgent need to entrust the policy making functions to the ministries and departments, executing and implementing responsibilities to fully empowered agencies and the regulatory duties to independent regulatory bodies located outside the ministries and departments. this unbundling of functions will help strengthen the capacity of government to deliver these social services in an effective manner. third, the management of education, health and other human development policies, programmes and projects is far from being satisfactory. we assume that technical experts and specialists in their areas, such as education and health, can fit in very easily in the managerial positions. little do we realize that all successful institutions in the world have properly trained and experienced hospital administrators, educational administrators, financial managers, supply chain and logistics specialists. on the other hand, here in pakistan we have unqualified and inexperienced persons aspiring and competing for these positions simply because they carry privileges, perks and power. why should highly qualified surgeons fight with each other to become medical superintendents or hospital administrators? administrative positions carry a lot of prestige and power which the professional positions do not and hence we have serious misallocation of resources. we lose first rate surgeons and doctors end - up with third rate administrators who rely upon the office clerks, superintendents and accountants for advice and decision making. no wonder we have such an awful record on delivery of services. fourth, there is too much bureaucratic strangulation in the business processes and at the same time too little accountability. the plethora of rules, regulations, reports etc. stifle initiative and innovation and encourage apathy and inaction among those who wish to play by the book. but those who are dare devils use the opaqueness of the same rules and regulations and diffused nature of