Philipp Hildebrand, who was at his inauguration in early 2010 at 46 the youngest president in the history of theSwiss National Bank (SNB) was, for weeks in the criticism. Kashya his wife, a former hedge fund manager, bought from the family account in August 2011 for 400,000 francs U.S. dollars.
The Swiss franc was then compared to the dollar at a high level, there are many unsettled investors had fled to the Swiss currency. Three weeks later, in September, the National Bank a minimum fixed exchange rate of the franc against the euro. Thereupon, the franc lost its value.
The Swiss franc was then compared to the dollar at a high level, there are many unsettled investors had fled to the Swiss currency. Three weeks later, in September, the National Bank a minimum fixed exchange rate of the franc against the euro. Thereupon, the franc lost its value.
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