SNB Foreign Currency Reserves Climbed to Record in September
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The Swiss central bank’s currency holdings rose to a record last month after policy makers imposed a franc cap to help exporters and fight deflation threats.
The reserves, calculated according to standards by the International Monetary Fund, jumped to 282.4 billion francs ($305 billion) at the end of September from 253.4 billion francs in the previous month, the Zurich-based Swiss National Bank said on its website today.