Swiss gold reserves: The proposal would require the Swiss National Bank to have gold reserves of at least 20% of the value of the assets of the Swiss National Bank, and see all Swiss gold currently held in the Federal Reserve Bank of New York returned to Switzerland. The popular initiative was started by Swiss People's Party MP Luzi Stamm and two other MPs, with the 100,000 signatures required for a referendum obtained by early 2013. The proposal is opposed by the Swiss National Bank and the Swiss government, as it would limit the SNB's ability to print money.
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