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Swiss National Bank incurs valuation loss of CHF 1.1 bn on gold holdings

Swiss National Bank incurs valuation loss of CHF 1.1 bn on gold holdings

Swiss National Bank incurs valuation loss of CHF 1.1 bn on gold holdings

The Swiss National Bank has reported a loss of CHF 142.4 billion for the first three quarters of 2022. The loss on foreign currency positions amounted to CHF 141.0 billion. On gold holdings, a valuation loss of CHF 1.1 billion (approximately US$ 1,10,14,22,300) was recorded. The loss on Swiss franc positions was CHF 24.1 million.

The SNB’s financial result depends largely on developments in the gold, foreign exchange and capital markets. This means that extreme fluctuations cannot be ruled out.

Interest and dividend income amounted to CHF 5.1 billion and CHF 3.4 billion respectively. Price losses of CHF 70.9 billion were recorded on interest-bearing paper and instruments, and CHF 54.2 billion in price losses were recorded on equity securities and instruments. Exchange rate-related losses totalled CHF 24.4 billion. A valuation loss of CHF 1.1 billion was recorded on gold holdings, which remained unchanged in volume terms.

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