Swiss Franc

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Swiss Franc

The currency of Switzerland. Although the first Swiss franc was used briefly at the end of the 18th century, the modern franc was introduced in 1850, replacing almost two dozen local currencies. Switzerland was a member of the Latin Monetary Union until its demise in 1927 and later belonged to the Bretton Woods System. Until 2000, at least 40% of the franc was required to be backed by gold. The Swiss franc is known for having almost no inflation and, for that reason, is considered a very safe currency for investment.

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The loan agreement in Swiss francs was signed by the plaintiffs' lawyer, to whom they had ceded power of attorney.

'Landmark' decision on Swiss francs loans

Around 150,000 families still owe around e1/429 billion of Swiss franc debt, with four per cent of loans due within a year.

Soaring Swiss franc hits homeowners in Austria

Costs for restructuring increased by 252 million Swiss francs due to a non-recurring, one-time income effect in the 2013 IFRS results.

Switzerland : Roche delivers solid results in 2014

which collapsed in August after losses mounted and funding dried up, has four Swiss franc bonds that were sold from 2012 to 2014 to help fund lending.

African Bank says Swiss Franc hedging plans save investors

66 percent of all credits in the country are tied to the Swiss franc.

Consequences of euro depreciation against dollar

The Bank would undertake foreign-exchange swaps in which it would sell Swiss francs spot and repurchase them forward.

The limitations of foreign-exchange intervention: lessons from Switzerland

This saw the euro surge by over 9% against the Swiss franc and sterling jump by over 8% in around 10 minutes.

Drastic action taken by Switzerland to weaken strong franc

Although not all of the assets managed by Swiss banks are held in Swiss francs, the existence of vast holdings within the Swiss banking market indicates the important role that Switzerland maintains in global finance.

The continuing role of Switzerland and the Swiss franc in international finance

Orascom, whose main presence is in Egypt, said its total consolidated revenues fell to 380 million Swiss francs from 416 million francs a year earlier.

Orascom Dev nine-month revenue dips, net profit gains

The proposed dividend will be denominated in Swiss Francs.

Tyco International Seeks Shareholder Approval to Increase Dividend

October 30, 2007: USS reports a third-quarter pre-tax less of 726 million Swiss francs, its first quarterly loss in nine years.

The troubling timeline

AILING Swiss banking giant UBS today announced plans to cut 8,700 jobs as it braced investors for first-quarter losses of almost 2 billion Swiss francs (pounds 1.