The Swiss National Bank (SNB) announced a record loss.
The SNB statement states that the kanepe recorded a loss of CHF 142.4 billion in the January-September period due to strong fluctuations in gold, foreign exchange and capital markets.
Interestingly, this loss was the largest in the SNB’s 115-year history.
The total loss of the SNB, which recently raised interest rates to fight inflation, was 141 billion Swiss francs from the gold position, 1.1 billion Swiss francs from the gold position and losses in foreign currency positions owed to the depreciation of the bonds and shares he bought.
Experts said the continuing large losses could melt the SNB’s net worth, which stood at CHF 204 billion at the end of 2021.