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The Swiss National Bank reports a first-half loss of 50 billion Swiss francs ($52 billion) due to the soaring value of the Swiss franc against the euro. This loss may impact the bank's ability to pay dividends, affecting public services funded by those dividends. Switzerland's decision to abandon its currency peg earlier in the year resulted in a significant increase in the franc's value, causing financial challenges for the central bank.
Thursday, 30 July, 2015