The central bank of Switzerland lost in the first half more than 50 billion francs – Interia

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Friday, July 31 (15:40)

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Thomas Jordan President of the Swiss National Bank (SNB) / AFP

January 15 SNB resigned with immediate effect from zakupywania mass euros in order to maintain the guaranteed minimum rate of 1.20 francs per euro. This resulted in a sharp increase in global demand for the franc as a safe currency and its strong appreciation.

As a result, the value of the Swiss currency reserves of the central bank decreased in the first six months of this year by 47.2 billion francs. An additional 3.2 billion euros it had to write off due to decrease in the value of their reserves of gold, whose price has gone down this time. On the asset side appeared here while 574 million francs, mainly from negative account balances interest rates on demand deposits.

The total negative balance of 50.1 billion francs, also includes the costs of current operations SNB, including salaries for employees and expenses for printing banknotes.

Only in the first quarter of this year, the SNB recorded a loss of 30 billion francs, while the entire first half of 2014 years closed a record profit of 38.3 billion francs.

Sleep bulk purchases of the euro by the Swiss central bank caused a permanent decrease in the exchange rate against the Swiss franc, reaching parity periodic one-to-one, and on Friday morning amounting to 1.06 francs per euro.

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