Swiss National Bank’s reserves increased by 1.9%

The currency reserves of the Swiss National Bank (SNB) rose in April by 1.9% compared to the previous month, the increase was of 11.1 billion Swiss francs for a total of 587.6 billion.

It indicates how much the institute of emissions in a statement on the official website. The revaluation is partly due to the stronger euro, spent over a month from 1.0910 to 1.0990 francs. The single currency is more than 40% of foreign exchange reserves of the SNB. The dollar, about a third of the total, has not however made significant movements.

Total deposits over a period of twelve months grew by 65 billion. The set of the SNB's reserves, excluding gold, amounted at the end of April to 593.7 billion francs, after 582.6 billion the previous month. The gold stock for its part has appreciated by 4.2% to 41.3 billion.