“What happened? Did somebody forget to change the ink cartridge?”
They are trying to stop what happened in Russia, before it starts.
If you are holding Francs today, you just got a 30% discount on that new Mercedes, just across the border. Or that 70-inch flat screen TV you were eyeing.
Get it while it lasts.
My bet is that the FPU tasked with the currency rate calculation burned out.
Could this have knock-on effects to other economies apart from Switzerland and France?