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Tuesday, 10 January 2012

Switzerland's central bank chief resigns

The Swiss National Bank chairman has resigned abruptly, bowing to a public uproar over his private currency deals. Philipp Hildebrand's decision comes just as a Swiss parliamentary committee is preparing to grill him behind closed doors.

His resignation took effect immediately on Monday, Switzerland's central bank said in a brief statement.

Al Jazeera's Nadim Baba reports.


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