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A comment on Dow plunges more than 950 points after China devalues its currency. Parent comment

Re:Dow plunges more than 950 points after China devalues its... by notathing on Monday August 05, 2019 @03:20PM (#20617664)
It's weird for such a small country to have such big reserves.

Why not spend some on infrastructure/whatever?

Maybe they use the reserve as some sort of geo-political insurance against possible shocks (whatever those might be)

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Re:Dow plunges more than 950 points after China devalues its... by internet_user on Monday August 05, 2019 @03:30PM (#20617837)
It's not weird. They had to print many many CHFs to satisfy the demand for deposits in Switzerland.

They then exchanged them for the USD they now hold.

As for infrastructure/whatever, SNB then went on a massive shopping spree in equities, ~100 billion or so.

They must be the absolutely best managed central bank in the world.

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