Swiss Bank

Swiss Bank
This bank conducts the monetary policy of a country as a self-governing Central Bank. In doing so, it makes a perfect surrounding for the growth of the economy. National Bank is thankful to the Constitution and order to react according to the common interests of a country. Cost stability is its main goal, while taking the economic situation into account. Swiss Bank is regarded as a Central Bank. Moreover, to regulate the money supply and for influencing the national rate of interest, the functions performed by other important Central Banks- Swiss Bank plays a vital role compared to the other national banks in making an attempt to effect the rate of exchange between various domestic currencies and is therefore an important player in the overseas exchange market. The fixed rates of exchange among the national currencies were regarded to be standard until United States moved away from gold standard in the year 1971 which gave rise to the existing system of several rates of exchange that began in 1973. As Swiss Bank plays a major role in influencing the overseas currency rates, the works of the Bank needs to be watched carefullyby the currency traders and perfect measures taken in its response.