SNB reveals scale of latest foreign exchange purchases

swiss-national-bank-zurich

The Swiss National Bank (SNB) today (August 7) revealed the extent of the latest increase in the foreign currency reserves held by the central bank, accumulated due to the purchases made by the central bank in an attempt to prevent the appreciation of the Swiss franc.

The figures show that the central bank increased its reserves by Sfr41 billion ($42.4 billion) between June and July this year. The SNB now holds foreign exchange totalling Sfr406.5 billion, as part of overall reserves amounting to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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 individual account

.