61. The council has also suffered because of the very strong Swiss franc, which makes contributions in other currencies worth lesser amounts when they are converted. 62. The growth was satisfactory considering the strong Swiss franc, the company said. 63. The situation was made worse by the strong Swiss franc, WHO Director-General Hiroshi Nakajima acknowledged in a statement to his staff. 64. The strong franc caused the fall in Swiss currency terms. 65. The Swiss gold, which the government lists at a very conservative value far below the world price, is used to support the strong Swiss franc. 66. The U.S. currency was lower during much of European trading amid speculation that French President Jacques Chirac would scrap a strong franc policy. 67. He said the Swiss economy has felt the effects of the strong franc. 68. His remarks caused the franc to fall and he soon insisted that he stood by the so-called strong franc. 69. Analysts said that it was difficult to classify him as being either for, or against, policies to keep the franc strong. 70. Analysts were concerned that Madelin might not be as committed to keeping the franc strong as recent economics ministers have been. |