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Swiss central bank posts $132 bn record loss

Shortpedia

Content Team
Image Credit: dunyanews

Switzerlands government will not receive a payout from the Swiss National Bank for 2022, as the central bank projects the biggest loss in its 116-year history, the media reported. According to preliminary figures released on Monday, the SNB anticipates a yearly loss of approximately 132 billion Swiss francs ($143 billion), which is more than five times the previous record.