The currency‐political landslide started, on the 18th September, 1949, by the devaluation of the pound sterling, proves for the Swiss tourist traffic to be one of the most important, if not the most momentous event since the end of the last war. So far it has not been possible to estimate, to their full extent, what the consequences of all these adjustments of foreign currencies would be for the Swiss tourist traffic. A glance at the situation prevailing before the devaluation may somewhat facilitate an appreciation of the future and of the attitude to be adopted.
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