Strong franc leads to heavy central bank currency loss

17th January 2011, Comments 0 comments

Zurich, Switzerland GenevaLunch - The Swiss National Bank SNB is likely to post a CHF21 billion loss for 2010 as the result of exchange rate losses of CHF26m, it announced Friday. The loss was softened by a CHF6b gain on gold markets. The loss compares to a profit of CHF 10 billion for the SNB ...

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