Dollar fall to hit central bank profits

The decline in the value of the dollar against the euro is likely to eat into the earnings of the central banks of Germany, Austria and the Netherlands, officials from the institutions told the Financial Times Deutschland today.

'We'll make less of a profit this year than we did last year,' Bundesbank board member Hans Georg Fabritius told the newspaper.

The German central bank, which already saw its profits cut in half to €5.43 billion last year, will make big writedowns against its dollar res

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: