If You Ask Me: A Global Banker Reflects on Our Times
Wriston, Walter B.
2007
Swiss Francs
What is your opinion of dollar holdings against the Swiss franc? | |
The Swiss franc really isn't a currency. It's a store of value. We don't have any trade with Switzerland that amounts to anything. It's a gold-backed currency of a very small country with a third of its labor force imported from abroad and almost no trade. What will happen to the Swiss franc opposite a real trade currency, I think is anybody's guess. | |