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    Tijana Čorak
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    Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy. Gold reserves The SNB manages the official gold reserves of Switzerland, which as of 2008 amount to 1145 tonnes and are valued at 30. Billion CHF. There is controversy over the role of The Swiss National Bank in the transfer of Nazi gold during world war II.

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    Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy. Gold reserves The SNB manages the official gold reserves of Switzerland, which as of 2008 amount to 1145 tonnes and are valued at 30. Billion CHF. There is controversy over the role of The Swiss National Bank in the transfer of Nazi gold during world war II.

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    14 views14 pages

    National Bank of Switzerland

    Uploaded by

    Tijana Čorak
    Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy. Gold reserves The SNB manages the official gold reserves of Switzerland, which as of 2008 amount to 1145 tonnes and are valued at 30. Billion CHF. There is controversy over the role of The Swiss National Bank in the transfer of Nazi gold during world war II.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 14

    Swiss National Bank

    orak Tijana

    Moldvai Nina

    Swiss National Bank was established in 1907

    The Swiss National Bank (SNB) is the central bank of Switzerland. It is responsible for Swiss monetary policy.

    Tasks of Swiss National Bank


    Monetary policy Cash supply and distribution Cashless payment transactions Investmenst of currency reserves Financial system stability International monetary cooperation Banker to the Confederation

    Statistics

    Banknotes and coins

    General meeting of shareholders


    Once a year, in April

    Geographical structure
    SNB has two seats

    in Berne
    Six representative offices in

    in Zurich

    Basel
    Geneva Lausanne Lugano Lucerne St Gallen

    Bank Council
    Oversees and controls the conduct of business by the Swiss National Bank

    11 members

    6 members are appointed by the Federal Concil

    5 members are appointed by the Shareholders Meeting

    Governing Board
    The Swiss National Banks management and

    executive body is the Governing Board. The Governing Board consists of 3 members: Thomas J. Jordan, Chairman of the Governing Board, Zurich Jean Pierre Danthine, Vice Chairman of the Governing Board, Berne Fritz Zurbrurgg, Member of Governing Board, Zurich

    Internal organisation
    Berne
    Cash Finance and Controlling

    Zurich
    International Affairs,

    Financial Stability and Oversight


    Security

    Economic Affairs Legal and Administrative Affairs Human Resources Communications Money Market and Foreign Exchange Asset Management Risk Management Banking Operations Information Technology.

    Gold reserves
    The SNB manages the official gold reserves of Switzerland, which as of 2008 amount to 1145 tonnes and are valued at 30.5 billion CHF

    World War II controversy


    There is controversy over the role of the Swiss

    National Bank in the transfer of Nazi gold during World War II the Bank must have known that some portion of the gold it was receiving from the Reichsbank was looted from occupied countries

    Monetary policy for 2012


    Conducts an in-depth monetary policy

    assessment in March, June, September and December Sets out the reasons for its decisions in a press release

    A Swiss central-banking scandal


    Philipp Hildebrand, former president of the Swiss National Bank (SNB), was accused of personal currency speculation

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