SNB releases euro-franc exchange rate (News 2016, by Alessandro Della Bella) - Swiss Press Award

Alessandro Della Bella
Thomas Jordan, Chairman of the Governing Board of the Swiss National Bank, arrives at a press conference in Zurich on January 15, 2015, after Switzerland's central bank scrapped a policy to artificially hold down the value of the Swiss franc against the euro, sending the franc soaring. Following the announcement, the Swiss franc strengthened 29 percent to 0.8517 against the European single currency.
verschiedene Medien (via AFP)
Photo / News
2016
Alessandro Della Bella
On January 15, 2015, SNB President Thomas Jordan informed the media about the abandonment of the minimum euro exchange rate of CHF 1.20. The consequences of this decision continue to affect the Swiss economy to this day.
