Swiss National Bank (SNB)
Tue, Apr 15The Swiss National Bank (SNB) serves as the central bank of Switzerland. Similar to other central banks, the SNB is tasked with establishing monetary policy. It is also responsible for the issuance of Swiss franc banknotes.
The primary role of the Swiss National Bank is to maintain price stability within the nation and foster an economic environment that promotes optimal growth and development for Switzerland.
In contrast to many other central banks, the SNB operates as a private entity. Just over half of its shares are owned by public institutions, while the remainder is traded on the Swiss stock exchange.
The Swiss National Bank officially commenced operations on June 20, 1907. It has two main offices located in Berne and Zurich. Additionally, it operates six representative offices in Basel, Geneva, Lausanne, Lucerne, Lugano, and St Gallen. The SNB also has 14 agencies run by cantonal banks to help ensure the country's money supply.
The SNB is known by different names in various languages: Banque Nationale Suisse in French, Schweizerische Nationalbank in German, Banca Naziunala Svizra in Romansh, and Banca Nazionale Svizzera in Italian. The Bank’s logo incorporates all four of Switzerland's official languages, as well as English.
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