Wednesday, May 23, 2012

Swiss Parliament Examines New ‘Gold Franc’

A Swiss-parliament panel is discussing, today, the introduction of a parallel ‘gold-franc’ currency.

The panel will discuss a proposal aimed at introducing a new currency known as the 'gold franc'. Under the proposal, which will be debated in the lower house’s economic panel in Bern, one gold coin would be worth about 5 Swiss francs ($5.30), according to published reports, which said the Swiss franc would remain the official currency.

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