Swiss central bank said on Monday it incurred a net loss of 9 billion Swiss francs , ” 9.9 billion dollars ” in the past year to the decline in the value of its gold reserves sharply lower after the price of the yellow metal .
And forced the Swiss National Bank , ” central ” , based in Zurich to write off 15 billion francs of the value of what he has gone , while reaching its profits from dealing in foreign currencies and selling of bank rescue fund to 6 billion francs.
The bank stressed that as a result it will not distribute any dividend this year on the state and Kantonadtha also will not get shareholders a dividend .
The price of gold fell by a quarter to around $ 1,200 an ounce , ” ounce ” in the period between January to December of last year
Leave a Reply