Cryptocurrency Q&A
Is Swiss franc pegged to gold?
Is Swiss franc pegged to gold?
SeoulStyle
Tue Oct 29 2024
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7 answers
1897
I'm wondering if the Swiss franc is pegged to gold. I've heard about currency pegs and want to know if this specific currency is tied to the value of gold in any way.
7 answers
Tommaso
Thu Oct 31 2024
This means that the value of the Swiss franc is not directly tied to the value of gold.
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Thunderbolt
Thu Oct 31 2024
Instead, the Swiss National Bank (SNB) is responsible for managing the currency.
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KDramaLegendaryStarlightFestival
Thu Oct 31 2024
The SNB has the authority to print any quantity of money it deems necessary.
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Carolina
Thu Oct 31 2024
The Swiss Franc's backing is a topic of interest for many.
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Federico
Thu Oct 31 2024
Contrary to popular belief, the Swiss franc is not gold-backed.
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