Active actions of the ECB forced the Central Bank of Switzerland to refuse to cap the Swiss franc against the euro. Currently Denmark, which currency is also pegged to the euro, plans to abandon the European currency completely. Once the Central Bank of Denmark has already weakened the crown by cutting its key interest rate trying to reduce significant capital flows, which could strengthen the national currency. Denmark uses a lot of different measures to prevent bouncing of the crown’s rate. According to experts’ opinions, the refusal of pegging to the euro is one of the most effective. In addition, the speculations about the bank's ability to maintain its monetary regulations increased when the Central Bank of Switzerland had refused to cap the Swiss franc against the euro last month. Moreover, the actions of the Central Bank of Denmark have a positive effect on the increase in foreign exchange reserves but for Russia this news was not a good one. The largest public corporations - Gazprom, Gazprombank, Sberbank and VTB - issued bonds in francs. Thus, debts of the Russian companies increased by 33 billion rubles, respectively. Denmark is one of four European Union countries with AAA rating, which refused to join the eurozone during the referendum in 2000. The central bank has been capping the franc against the euro, against the Deutschemark prior to that, since 1982.
