Thomas Jordan dismisses monetary reform proposals

Thomas Jordan

Thomas Jordan defended the existing monetary order in Switzerland on Sunday – one week before the Swiss public votes on whether to dilute the central bank's power over its reserves.

In his speech in Uster, Jordan, chairman of the Swiss National Bank (SNB) governing board, dismissed a range of proposals to overhaul the monetary order, including the 'gold initiative'.

He also rejected a switch to wholly private money, a return to the gold standard, the introduction of plain money and the adoption

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