The abolition of the euro floor exchange rate by the Swiss National Bank (SNB) will celebrate its tenth anniversary on Wednesday. Experts now consider this measure positive for the Swiss economy, despite the initial shock it caused.
On January 15, 2015 at 10:30 a.m., the SNB removed the minimum rate of 1.20 francs for one euro. This unexpected decision caused an earthquake in the Swiss financial market and exports. Economic associations and unions had…
Swiss
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