3 ms·
Just a small off-topic comment: the Swiss Franc is not as stable as you think. For example, it used to be pegged (as in, CHF 1 was supposed to be worth EUR 1.2)
by gilj 9y ago
Just a small off-topic comment: the Swiss Franc is not as stable as you think. For example, it used to be pegged (as in, CHF 1 was supposed to be worth EUR 1.2), but in recent history the Swiss Central Bank decided to unpeg the CHF to EUR, seemingly out of the blue.
Some reading:
- https://www.economist.com/blogs/economist-explains/2015/01/economist-explains-13 https://www.economist.com/blogs/economist-explains/2015/01/e...
- https://www.reuters.com/article/us-swiss-franc-shock/three-years-on-from-currency-shock-swiss-central-bank-cant-get-back-to-normal-idUSKBN1F30FQ https://www.reuters.com/article/us-swiss-franc-shock/three-y...
- mseebach 9y agoYes... But since we're off-topic, running with the thread for a bit, the kind of upset caused by the euro/franc un-peg is entirely inside the boundaries of "stable" in the context of the kind of country for which just adopting another nations currency is an attractive choice.