Switzerland - Nov 11
In an odd move that bucks current monetary standards, Switzerland is facing a proposal to mandate the Swiss Central Bank to hold a minimum of 20% of reserves in the form of gold. As of now, less than 8% of reserves are in gold bullion. As of today the Swiss Central Government and the Central Bank both disapprove of the proposal as the commodity has faced increasing price volatility, which would result in fluctuation in Central Bank assets, and threaten the Bank’s ability to manage it’s monetary policy.
Source: Bloomberg View