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No Date Set for Switzerland Banking Referendum

Discussion in 'Fundamental Analysis' started by Daily.Forex, Dec 28, 2015.

  1. Daily.Forex

    Daily.Forex Forum Member

    Sep 2, 2015
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    A year ago (and just two months before the shocking announcement ending the Swiss Franc's peg to the Euro which dramatically revalued the currency and led to massive FX losses around the globe and for the Swiss National Bank) the Swiss held a referendum on whether to demand that their central bank convert 20% of its reserves into gold, up from 7% at the time. The referendum failed dramatically.

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