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    Switzerland's central bank chief resigns

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    Al Jazeera English

    by Al Jazeera English

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    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.