The Swiss National Bank has reported an annual loss of $141.54 billion, which is the largest in the central bank's 115-year history.
Previously, he Swiss National Bank lost $148.4 billion (142.2 billion Swiss francs) since the start of 2022. The central bank's foreign investments dropped in value amid rising interest rates and a stronger Swiss franc.
The Swiss National Bank has reported an annual loss of $141.54 billion
3/7/2023
This is the largest loss the bank sustained in 115 years. However, it doesn't face bankruptcy due to its ability to print money.
The central bank lost $147.3 billion (141 billion Swiss francs) on its foreign currency positions, and $1.1 billion (1.1 billion Swiss francs) was lost in Gold holdings.
Read more: https://unusualwhales.com/news/swiss-national-bank-lost-142-6-billion-since-the-start-of-the-year
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