The Swiss franc climbed court since January 15, 2015
The Swiss franc has kept until now its value was pegged to the euro, but this is no longer the case since Thursday, 15 January. The Swiss National Bank decided to pass up the national currency. The whole economy may suffer
Long queues at exchange offices in Geneva. The decline of the euro causes for border who are paid in Swiss francs, a increase their purchasing power. Result: it’s Christmas in January
“ For me it is great news says a man for the holidays
The.. Thursday, January 15 announcement of the Swiss National Bank to abandon the minimum rate of the Swiss franc against the euro has caused a great mess.
This decision has consequences for the neighboring countries of Switzerland, as in Poland, where 40% of mortgages are denominated in Swiss francs.
Swiss products sold abroad have also increased by 30%.
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