US EditionThe World’s Strongest Currency Is Also Super-Competitive
9 Articles
9 Articles
A strong currency does not mean a weak economy. Contrary to what conventional economic theories promote, the Swiss franc proves that a strong currency does not weaken competitiveness...
Sharma: The world's strongest currency is also super-competitive
Amid all the talk about whether the U.S. is keen to devalue the mighty dollar as one way to revive American manufacturing, it is worth noting that the dollar is not the world's strongest currency and has not been for decades. That title goes to the Swiss franc, and the mighty franc has done nothing to undermine Switzerland's competitiveness.
Financial Times
SWI swissinfo.chThe world’s strongest currency is also super-competitive
Switzerland’s success shows that a nation can revalue its way to prosperity
The Swedish krona has outperformed the world's other major currencies since the turn of the year. The rate of 9.60 kronor to one dollar represents a strengthening of 15.36 percent.
While many in Washington are considering weakening the dollar to support industry, Switzerland is proving that a strong currency can go hand in hand with exports, innovation and high productivity.
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