EuropeanBTC21 on Nostr: The Swiss central bank (SNB) lost $143 billion in 2022 (the worst in its history). ...
The Swiss central bank (SNB) lost $143 billion in 2022 (the worst in its history).
SNB has been buying foreign stocks and bonds with newly printed Swiss francs as a way to weaken its currency and keep it pegged to the Euro.
https://archive.ph/2023.01.09-090841/https://www.reuters.com/business/finance/swiss-national-bank-posts-record-143-billion-loss-2022-2023-01-09/
SNB has been buying foreign stocks and bonds with newly printed Swiss francs as a way to weaken its currency and keep it pegged to the Euro.
https://archive.ph/2023.01.09-090841/https://www.reuters.com/business/finance/swiss-national-bank-posts-record-143-billion-loss-2022-2023-01-09/