Posts Tagged ‘franc’

‘Euro is dead’: Le Pen eyes return of the Franc, preserving single currency for int’l trade

“We need to control the currency, to adjust it to the economy because today the single currency is a burden,” Le pen said ahead of May 7 French presidential election, stressing that the “euro is dead.”  Leave euro & vote Frexit: Le Pen unveils National Front manifesto “We will have a national currency like all […]

Franc’s Marine Le Pen Says French ‘Colonization Gave A Lot’ To Algeria

Marine Le Pen Thinks Colonisation Was A Good Thing ‘Colonisation gave a lot.’Far-right leader Marine Le Pen thinks French colonisation of Algeria was a “good” thing… Posted by Middle East Eye on Tuesday, April 25, 2017 In an interview with French television channel BFM last week, presidential candidate Marine Le Pen stirred controversy […]

Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold In Week

GoldCore Sept 9, 2011 Global Currency Wars Sees Swiss Franc Devalue 8.5% Against Gold in Week Gold is trading at USD 1,836.60, EUR 1,330.90 , GBP 1,153.90, JPY 142,750 per ounce and reached a new record nominal high in Swiss francs at CHF 1,652.83. Gold was higher in all currencies prior to sharp selling was […]

Swiss Franc Collapses 7% Against the USD, EUR and Gold – Swiss National Bank to Fix CHF to EUR and Debase Currency

Gold is trading at USD 1,899.50, EUR 1,339.10, GBP 1,177.30, CHF 1,611.10 (up from CHF 1,486.50 yesterday) and JPY 146,350 per ounce. Gold is down 0.18% in dollar terms and strong physical demand continues at these levels. Just prior to the announcement, spot gold for immediate delivery had risen to a new record nominal high […]

Swiss bid to peg ‘safe haven’ franc to euro stuns currency traders

  By Graeme WeardenGuardian September 6, 2011 Switzerland sparked fears of a new currency war on Tuesday after it pegged the Swiss franc against the euro in an attempt to protect its economy from the European debt crisis. The Swiss National Bank in effect devalued the franc, pledging to buy “unlimited quantities” of foreign currencies to force down its […]

Swiss Ponder Battle Over Runaway Franc

  Simone MeierBloomberg August 16, 2011 Switzerland, the nation that hasn’t gone to war with a foreign power since Napoleon, is reluctantly debating a generational taboo: ceding monetary independence to win a battle over its runaway currency. Swiss National Bank Vice President Thomas Jordan said the central bank is assessing “a whole range of options” […]

Swiss Central Bank Weighs Pegging Franc to the Euro

  LIZ ALDERMANNew York Times August 12, 2011 PARIS — Switzerland’s central bank signaled Thursday it was prepared to consider a once-unthinkable step: pegging the nation’s “massively overvalued” currency to the euro, at least temporarily. Such a move would be a response to the global financial turmoil that has lifted the value of the Swiss […]

Dollar at lowest against Swiss Franc in 40 years

  Allison Bennett and Joe RagazzoBloomberg August 10, 2011 The dollar tumbled the most in at least 40 years against the Swiss franc after the Federal Reserve pledged to keep its key interest rate at a record low at least through mid-2013 to revive the flagging economic recovery. The greenback declined versus the majority of […]

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