Arab Today, arab today swiss to counter strong franc
Last Updated : GMT 06:27:20
Arab Today, arab today
Arab Today, arab today

Swiss to counter strong franc

Arab Today, arab today

Arab Today, arab today Swiss to counter strong franc

Geneva - Arabstoday

The Swiss government said yesterday it would spend two billion francs (Dh9.3 billion) to counter the impact of the strong franc on the domestic economy. The funds would be spent to \"reinforce the sectors hit by the ... unfavourable exchange rate and would prevent the relocation of jobs abroad,\" the government said in a statement. Industries including exports, tourism, innovation, research and infrastructure are expected to benefit, although no details were given on the specific measures. Surplus Article continues below Economy Minister Johann Schneider-Ammann said a taskforce will decide in the coming days \"in what exactly and how these funds would be invested.\" The funds would come from the country\'s budget surplus, which is expected to reach 2.5 billion francs in 2011. Switzerland\'s export industry has been hit hard by the strength of the franc against major currencies. Earlier Wednesday, the Swiss central bank announced the third round of liquidity measures in two weeks to cool demand for the franc.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today swiss to counter strong franc Arab Today, arab today swiss to counter strong franc

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today swiss to counter strong franc Arab Today, arab today swiss to counter strong franc

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday