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Swiss Parliament to discuss gold franc
The Swiss Parliament is expected later this year to discuss the creation of a gold franc — a parallel currency to the official Swiss franc — raising the possibility that the country, one of the last to abandon the gold standard, may soon take a big step toward returning to it. The initiative is part of “Healthy Currency,” a campaign sponsored by politicians from the right-wing Swiss People’s Party (SVP) — the country’s biggest — that is seeking to capitalize on popular fears about global financial turmoil and inflation to reverse the government’s current policy on gold. “I can imagine that this ... (full story)