SNB profits boosted by gold revaluation

SWITZERLAND - In its 2000 annual report released on Apr 3, 2001, the Swiss National Bank said that net profit for 2000 had jumped to 28.2 billion Swiss francs ($16.3 billion), boosted by a one-off 27.7 billion franc revaluation of gold holdings.

The central bank said that 18.9 billion francs will be set aside. The rest will be released in connection with a sale of gold holdings no longer needed as a monetary policy reserve. Revenues from the gold sales are to be used partly either to bolster

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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