Swiss central bank reveals currency losses

The Swiss National Bank (SNB) revealed July 2001 that it had lost more than SFr14bn in trying to keep down the value of the franc through currency interventions in the first half of 2010.

Website: Swiss National Bank http://www.snb.ch/

SNB: Press Release, 21.7.10: Swiss National Bank expects half-yearly loss of around CHF 4 billion http://www.snb.ch/en/mmr/reference/pre_20100721/source/pre_20100721.en.pdf

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