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Global Trade Alert

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Switzerland: Devaluation of the Swiss Franc

Description

On 6 September 2011, the Swiss National Bank (SNB) announced a lower bound of 1.20 Swiss Franc (CHF) with respect to the Euro (EUR) and took steps to devalue the Swiss Franc to that level against the ...

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Intervention Details

Intervention Type

Competitive devaluation

MAST Chapter

G: Finance measures

Implementation date

06 Sep 2011

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Sectors

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Affected Products

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