Swiss Dollar Denominated Debt

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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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