\nPierderea – cea mai mare din istoria de 115 ani a SNB – a fost pu\u0163in mai mare dec\u00e2t produc\u0163ia economic\u0103 anual\u0103 a Marocului (132 miliarde de dolari), dar banca central\u0103 nu se confrunt\u0103 cu falimentul datorit\u0103 capacit\u0103\u0163ii sale de a crea bani, scrie Reuters.<\/p>\n
\nSNB a \u00eenregistrat o pierdere de 141 de miliarde de franci din pozi\u0163iile sale \u00een valut\u0103 str\u0103in\u0103, deoarece obliga\u0163iunile \u015fi ac\u0163iunile cump\u0103rate \u00een timpul campaniei sale de stopare a aprecierii francului, un refugiu sigur, \u015fi-au pierdut din valoare.<\/p>\n
\nCifra a inclus pierderi legate de cursul de schimb de 24,4 miliarde, deoarece francul mai puternic a redus \u015fi mai mult valoarea participa\u0163iilor sale, care includ participa\u0163ii la retailerul de cafea Starbucks \u015fi la Alphabet, proprietarul Google.<\/p>\n
\nDe\u0163inerile de aur au generat pierderi de 1,1 miliarde de franci \u00een valoare.<\/p>\n
\n“Aceste pierderi pot p\u0103rea mari, dar BNS nu este o companie normal\u0103”, a declarat economistul UBS Alessandro Bee.<\/p>\n
\n“Problema este mediul stagfla\u0163ionist \u00een care ac\u0163iunile pierd, obliga\u0163iunile pierd, aurul pierde, iar francul elve\u0163ian devine mai puternic. \u00cen mod normal, obliga\u0163iunile \u015fi aurul c\u00e2\u015ftig\u0103 atunci c\u00e2nd ac\u0163iunile pierd. Dar acest lucru nu s-a \u00eent\u00e2mplat \u00een 2022”.<\/p>\n
\n“Regulile normale de faliment” nu se aplic\u0103, a ad\u0103ugat el, men\u0163ion\u00e2nd c\u0103 SNB, care a ob\u0163inut un profit de 41,4 miliarde de franci cu un an mai devreme, va fi \u00eentotdeauna lichid\u0103 at\u00e2t timp c\u00e2t exist\u0103 cerere pentru franci elve\u0163ieni.<\/p>\n
\nCu toate acestea, pierderea ar putea \u00eensemna c\u0103 banca central\u0103 opre\u015fte anul viitor pl\u0103\u0163ile c\u0103tre guvernele federal \u015fi cantonale elve\u0163iene.<\/p>\n
\nContinuarea pierderilor masive ar putea anihila fondurile proprii ale SNB, care se ridicau la 204 miliarde de franci la sf\u00e2r\u015fitul anului 2021.<\/p>\n
\nSNB, care a \u00eenceput recent s\u0103 majoreze ratele dob\u00e2nzilor pentru a combate infla\u0163ia, a refuzat s\u0103 comenteze pierderea sau ce ar \u00eensemna aceasta pentru o plat\u0103 sau pentru politica sa monetar\u0103 mai restrictiv\u0103.<\/p>\n","protected":false},"excerpt":{"rendered":"
Banca Na\u0163ional\u0103 a Elve\u0163iei (SNB) a pierdut 142,2 miliarde de franci elve\u0163ieni (142,60 miliarde de dolari) \u00een primele nou\u0103 luni ale anului, a anun\u0163at luni institu\u0163ia, \u00een condi\u0163iile \u00een care cre\u015fterea ratelor dob\u00e2nzilor \u015fi \u00eent\u0103rirea francului elve\u0163ian au redus valoarea investi\u0163iilor str\u0103ine ale b\u0103ncii.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[236,8302],"class_list":["post-209775","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-banca","tag-pierderi"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/209775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=209775"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/209775\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=209775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=209775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=209775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}