Arab Today, arab today swiss central bank predicts loss of 23bn for 2015
Last Updated : GMT 02:17:27
Arab Today, arab today
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Swiss central bank predicts loss of $23bn for 2015

Arab Today, arab today

Arab Today, arab today Swiss central bank predicts loss of $23bn for 2015

Swiss central bank
Berlin - SPA

The Swiss National Bank said it expects a loss of 23 billion Swiss francs ($23 billion) for 2015, AP reported.

A loss of about 20 billion francs resulted from the drop in the value of the bank's foreign currency holdings.

The SNB said in a statement Friday that it booked a further 4 billion loss due to declining gold prices, but gained 1 billion francs from its Swiss currency holdings.

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