Статьи, помеченные тэгом ‘The Central Bank of Switzerland’

UBS sees the problem in the euro exchange rate falling

Wednesday, July 21st, 2010

The collapse of the euro exchange rate has become an unpleasant surprise for UBS. Foreign exchange reserves of the Swiss National Bank fell by more than 14 billion Swiss francs (13.3 billion dollars) in the first half of this year, after the weakening of the euro triggered a reduction in reserves of the Bank. In the second quarter, the central bank lost 5.5 billion Swiss francs, while revenue in the first quarter amounted to 1.5 billion francs.

(more…)