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SNB by smcjg is a document available to read on EtoBox.

What is SNB about?

The document summarizes the situation facing the Swiss National Bank (SNB) as it defends the peg of the Swiss Franc to the Euro at a rate of 1.20. The SNB will report its foreign currency reserves for September, which are expected to have increased substantially as the SNB had to purchase large amounts of Euros to maintain the peg. If the peg falls, it could bankrupt the SNB and cost Swiss taxpayers billions. Speculators are circling, waiting for an opportunity to attack the peg. The more Euros the SNB need

Author

smcjg

Language

EN