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Swiss franc history

# History of world currencies

Why is the Swiss franc rate the most stable?

The Swiss franc is the most stable currency, because it has survived 4 world standards: silver, gold, oil and dollars.

In francs, less than 0.3% of world savings is stored.

1936: times of the Great Depression, the franc fell by 30%

1956: After 30 years, the Swiss franc was provided with gold at 140%, while the dollar at only 50%.

1971: The abolition of the gold standard for the US dollar was marked.

2000: Only after 30 years, gold support was canceled for the franc.

From 2011 to 2015: The Central Bank of Switzerland “dropped” the Swiss franc to the euro from 1 to 0.82 euros.

May 2018: For 1 franc, they gave 84 euro cents.

History repeats itself. In the Latin Monetary Union, coin fraud and speculation in the economies of Europe have already reduced the franc’s liquidity.

The franc depended on the value of 0.29 g of gold to 4.5 g of silver until 1967, 40 years after the collapse of the Latin Monetary Union.

1930–2003: “Golden Franc” – the unit of account of the Bank for International Settlements (BIS), the IMF later took over some of its functions.

1944: BIS was tried to be abolished at the Bretton Woods Conference, but to no avail. BIS made payments according to the Marshall Plan after World War II as assistance to post-war Europe and the geopolitical tranche in the Cold War with the USSR.

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