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Showing posts from September 18, 2011

SWISS NATIONAL BANK PRESIDENT PHILIPP HILDEBRAND

SUGGESTION TO THE SWISS NATIONAL BANK PRESIDENT PHILIPP HILDEBRAND To:                        The Right Honorable Swiss National Bank President Philipp Hildebrand From:                     Athinarayanan Sanjeevraja Date:                     September 20, 2011. RE:                        Swiss Franc Valuation Suggestion:             Increase money supply, lend to other European countries.       Good Morning President. When I wrote to you regarding rise in Swiss Franc in the month of July 25, 2011 large margin of currency appreciation in a short period of time is not good for sustainable economy. SNB have taken the appropriate measures on its Swiss Franc to counter valuation of being appreciated because the current valuation of the Swiss Franc poses an acute threat to the tourist and manufacturing industry and carries the risk of deflationary development. Massive international capital inflows will raise the value of the currency, reducing the competitive