Global Trade Alert
Global Trade Alert

Switzerland: Devaluation of the Swiss Franc

Announcement

06 Sep 2011

In September 2011, the Swiss government announced the devaluation of its national currency.

Source

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

1 in force

Implementation date

06 Sep 2011

Revocation date:

No revocation date

Competitive devaluation In force

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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