Loading ...There was another reason for the SFr being so strong…banking secrecy….once you opened an account , there was no way anyone could find out what was in it…including tax authorities. So anyone with serious cash, had a good chunk in Switzerland…..and not too many…like no questions were asked as to where it came from/was made etc……
That was all destroyed after 9/11, when the US demanded, they open up accounts and stopped opening new ones….