How the Swiss National Bank managed to weaken the strong franc in the 1970s

It isn’t the first time that the strong franc has given the Swiss economy a headache. In the 1970s Switzerland was in a very similar situation, and back then the National Bank managed to lower the value of the currency – but at quite a price: inflation. (SF/swissinfo.ch)

This content was published on August 22, 2011 - 16:25

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Two people in silhouette look at mobile phones while a contrail of an aircraft is seen in the sky in the evening twilight, at Zurich Kloten Airport, pictured in Ruemlang, Switzerland, Tuesday, Jan. 14, 2025. (KEYSTONE/Michael Buholzer)

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Brakes on Swiss franc wear thin

This content was published on Aug 9, 2011 Faced with enormous external forces that have both weakened the euro and the dollar and increased the allure of the franc, Switzerland is swimming against a strong riptide that threatens to drown many exporters. The government threw the ball back into the Swiss National Bank’s (SNB) court this week when the cabinet ruled out any…

How the Swiss National Bank managed to weaken the strong franc in the 1970s

It isn’t the first time that the strong franc has given the Swiss economy a headache. In the 1970s Switzerland was in a very similar situation, and back then the National Bank managed to lower the value of the currency – but at quite a price: inflation. (SF/swissinfo.ch)

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