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Swiss franc's rise freezes tourism
Published Fri, Jan 16, 2015 · 09:50 PM
Geneva
THE Swiss Alps already looked pricey before the Swiss National Bank dropped its currency bombshell. Now, Swiss tourism fears being frozen out altogether.
As the central bank's shock decision on Thursday to scrap a cap on the Swiss franc pushed the currency up nearly 30 per cent, some businesses were already reporting cancellations as visitors rushed to rearrange their plans for the busy winter season.
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