Swiss franc

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  • noun

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the basic unit of money in Switzerland

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'Therefore, the 104 million Swiss francs are not monies belonging to the Malaysian government or any of its agencies or related companies,' said MOF.
It is believed that about half a million Poles took out Swiss franc loans before the global financial crisis to benefit from a strong zloty and low interest rates in Switzerland.
Specifically, on March 3, 2009 the bank issued the two plaintiffs, plus another person, a housing loan in Swiss francs for CHF 217,000.
As per the latest data, the total Indian money held in Swiss banks at the end of 2014 included 1,776 million Swiss franc or Rs 12,350 crore held directly by Indian individuals and entities (down from 1,952 million a year ago), and another 38 million Swiss franc (down from 77.3 million Swiss francs at 2013-end) through 'fiduciaries' or wealth managers.
Ratings agency Fitch said four big banks -- Erste, Raiffeisen Bank International (RBI), Bank Austria and Volksbanken -- held e1/430 billion of Swiss franc loans on their books in central and eastern Europe.
African Bank, the failed South African lender with 555 million Swiss francs ($608 million) of debt, said hedges put in place after August saved it from more losses, allowing administrators to continue recovery plans.
"By end 2014, banks approved credits of more than 167 million denars in Swiss francs or denars with a Swiss franc clause," the National Bank of the Republic of Macedonia said.
Traders were caught unaware by the surprise decision of the SNB to eliminate the ceiling it had maintained on the Swiss franc's value, causing carnage in the forex trading market.
The Swiss franc depreciated sharply from SF1.48 per euro on March 11, 2009, to SF1.54 per euro three days later.
On the other hand Swiss exports to Kuwait alone reached 318 million swiss francs last year, Four told KUNA, at the sideline of the delegation's visit today to the Kuwait Chamber of Commerce and Industry.
So by the end of 2008, Qatar had paid roughly 4.1 billion Swiss francs for a 10 percent shareholding in Credit Suisse, amounting to an average price of around 41 Swiss francs per share.
The shining performance of the Swiss franc has taken its toll on the Swiss economy, eroding growth and causing severe deflationary pressures.
dollar advanced to the upper 77 yen level Tuesday in New York, briefly hitting its one-month high of 77.73 yen, in line with its strength against the Swiss franc.
Other currencies, most notably the British pound, Japanese yen, Deutsch (German) mark, and Swiss franc have also played significant roles in the global economy.
This saw the euro surge by over 9% against the Swiss franc and sterling jump by over 8% in around 10 minutes.
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