• 02 Feb 2009 at 11:59 AM

Swiss Dollar Denominated Debt

By

Alea is carrying an entertaining snippet:

The Swiss National Bank (SNB) is introducing a new monetary policy instrument. It will issue its own debt certificates in US dollars (SNB USD Bills) with terms of less than one year. The instrument will be employed as of mid-February 2009 and will be used until further notice to finance the SNB’s loan to the SNB StabFund.

Read all about it here.
Scoop: Swiss National Bank to Issue SNB Bills in US dollars [Alea]

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Comments (8)

  1. 1
    Posted by guest | February 2, 2009 at 12:04 PM

    i like turtles

  2. 2
    Posted by guest | February 2, 2009 at 12:16 PM

    The Swiss National Bank story is nice and all, but can you please get rid of the nasty fat stomach ads on the site? A brother is trying to eat his pressetanini!

  3. 3
    Posted by guest | February 2, 2009 at 12:33 PM

    Never trust the Swiss!

  4. 4
    Posted by Anal_yst | February 2, 2009 at 12:45 PM

    where is the geico caveman??

  5. 5
    Posted by Bulging Bracket | February 2, 2009 at 1:03 PM

    So much for OMGWTF the dollar is dying thesis. Funny to see the paranoiacs get crushed by reality.

  6. 6
    Posted by guest | February 2, 2009 at 1:49 PM

    Gotta pay back the FED swaps!

  7. 7
    Posted by guest | February 2, 2009 at 3:12 PM

    So right, BB. Euro zone is suffering a dollar drought. How ’bout those swaps with the Fed? Those are going to be fun to unwind!
    The Swiss probably have an even bigger problem. Guess that’s the consequence of having a banking system that’s “bigger” than the sovereign and operates largely in foreign currency.

  8. 8
    Posted by guest | February 2, 2009 at 3:38 PM

    the fat stomach ad is a hint

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