When the Swiss franc had to learn to float
In 1973 the gold standard was finally abandoned and exchange rates lost their stability, the consequences of which were also felt in Switzerland.
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In 1973 the gold standard was finally abandoned and exchange rates lost their stability, the consequences of which were also felt in Switzerland.
(Bloomberg) -- Lebanese central bank Governor Riad Salameh said for the first time he plans to leave after his term expires later this year, bringing to an end a three-decade tenure marked by controversial policies that have been blamed for the country’s financial implosion. Salameh, 72, who’s also the target of international investigations into money laundering and embezzlement, told Asharq TV in an interview on Friday that he won’t seek a new term. The veteran banker maintained his innocence and said he has the documents to prove it. “The decision for me is that when the term ends, i...
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Three different channels through which factors affecting bilateral exchange rates operate have been pulling up the U.S. dollar: yield differentials, liquidity differentials, and growth differentials
A Swiss coin from 1741 has been auctioned in Geneva for CHF854,000 ($908,000). There are only three known examples of the coin in the world.