Latest news with #franc
Bloomberg
16-05-2025
- Business
- Bloomberg
Swiss Had Good Exchange With US on Currency, SNB Says
Switzerland has had productive talks with the US on the central bank's currency interventions, Swiss National Bank President Martin Schlegel said, rejecting the suggestion that the country manipulates the franc's exchange rate. 'We are no currency manipulator,' he said in Lucerne on Friday, adding that 'we had a constructive conversation with the US authorities' on the topic.
Bloomberg
09-05-2025
- Business
- Bloomberg
Swiss Lost Cash Racks Up $1.1 Billion Windfall for Government
Lost banknotes from the 1970s are set to give Switzerland a windfall. A quarter of a century after the Swiss National Bank officially ended its sixth series of franc bills — legal tender from 1976 to 2000 — the value of notes that were never exchanged for newer ones will be distributed to cantons and the government. The total being transfered is 890.6 million francs ($1.1 billion), the central bank said on Friday.
