The Swiss franc to euro exchange rate jumps by 30% immediately following a Swiss National Bank announcement. The bank will abandon its three-year-old cap on the swiss franc's value against the euro as well as lower the interest rate on sight deposits (instant access accounts) to -0.75% (the negative number meaning that the depositor has to pay the bank 0.75% per year to hold the depositor's money). (BBC)(Bloomberg)
Clashes in Gyumri, Armenia between police and protesters demanding the handover of a Russian soldier accused of killing six members of a local family leaves at least twelve people wounded. (BBC)