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

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: