Sentences with phrase «franc back»

Not exact matches

The decision by the SNB to call time on its efforts to prevent the euro from trading below 1.20 francs was a huge surprise and came amid mounting speculation that the European Central Bank will next week back a big stimulus program that will put more euros in circulation which would further dilute their value.

«Bringing the retirement age back to 60, raising all salaries and the minimum wage by $ 220 and bringing back the franc, raising the import tax.

The Swiss central bankers appear to have decided that they might not be able to hold back the tide as a new surge of investors poured their savings into the franc.

Most of the gains were seen on Monday (see chart) when gold surged the day after the Swiss gold referendum, to have a mandatory 20 % gold backing for the Swiss franc, was badly defeated.

That's because assets are worth less when translated back into the stronger Swiss franc, the bank's reporting currency.

Ermotti rejigged the bank's targets earlier this year, committing to buy back as much as 2 billion francs of stock over three years.

CEPH's involvement in gene mapping goes back to 1980 when Jean Dausset, a Nobel prizewinning immunologist and geneticist, set up the institute with a 50 million franc bequest from a wealthy art collector.

The SNB letting go of its «overvalued» rhetoric initially sent the franc higher, but profit - taking ahead of the BOE and U.S. CPI events, as well as other traders pricing in the «highly valued» warnings dragged it back down for the rest of the early London session.

Migros is one of the cheaper options, and a simple picnic - style lunch like the one pictured set us back about 15 - 20 francs between two people (minus the wine... I saw some wine on sale for 6 euros, but generally expect to pay at least 10 CHF for a decent bottle).

And since the Swiss franc is no longer backed by gold, it's just another fiat currency.

And that's because the Swiss franc was backed by gold.