Geneva / Switzerland

Currency Frenzy

This photo was taken at the Balexert mall just two days after the Swiss got rid of the cap on the franc, particularly when the euro went from buying 1.20 francs to buying just 0.8052, before it eventually bounced back to match the franc.

Needless to say a lot of people made a good bit of money off of this moment of instability. I wonder what will happen next week when the European Central Bank (ECB) announces its anticipated switch to quantitative easing…

Masses of people looking to buy euros on the cheap.

Masses of people looking to buy euros on the cheap.

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