SNB Spent 67.1 Billion Francs on Currency Interventions in 2016
- Figure published in the central bank’s annual report
- Interventions used to counter appreciation pressure on franc
Marvin Barth: SNB to Intervene Aggressively on Franc
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The Swiss National Bank bought foreign currencies worth 67.1 billion francs ($67.6 billion) last year as it sought to contain the strength of its currency.
The sum, published in the central bank’s annual report on Thursday, compares with a 2015 tally of 86.1 billion francs and a record of 188 billion spent in 2012.