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)
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)
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.