SNB Spent CHF 67.1bln on currency intervention in 2016

Yes, but SNB will never admit how much they earned through all these "interventions" (manipulation).

Profits from the SNB are shared amongst the various Cantons that make Switzerland.

Dear Thomas,

I was considering a purchase of CHF, but for a small incentive I could be persuaded to instead buy Euros.....

If we do not count always "hungry" politicians from cantons - still remains 55% SNB in private hands.
"As of 2015 the Nationalbank was privately owned,with the majority of shares belonging to cantons (45%) and banks of cantons (15%), and the smaller remainder in the possession of private individuals (40%). Shares of the SNB existed within SIX Swiss Exchange from 1907 onward."

Please provide links.

a matter of public record

The main issue is that demand for safe haven currencies remains extremely high indeed and this is preventing the process of normalizing money markets and monetary policies. Why why is the demand for SH currencies so high? Sure there is a lot of Global Cash which is not being invested in real physical assets. It gets invested safely in Yen and SF. Risk averse behavior reflects perceptions of poor returns on physical assets. Entrepreneurs dont see enough positive news. Financial crisis is too close to ignore. Add Trump and it delays progress further. Sure SNB intervenes and lies - its a response to the weird state of the world economy. Back to currencies the SNB has been helped by the strength of the EUR. When the EUR finally crumbles the SNB intervention will have to be much greater to keep the CHF fro exploding

Loooool so after removing the eurochf floor they kept on intervening and despite that the pair still down in the valley of 1.06 1.07 hahaha With that money Snb could had defended the peg and instead their currency chf being very very overvalued like now it could have been overvalued only and Snb couldn't had lost its credibility like it did!!

And accordingly a matter of public record.

It is widely known that the Swiss regularly paid "compensation" to foreign firms (probably Swiss also) when they are affected trough manipulations with CHF.

Please don't ask me from where I know that, but usually damages are "regulated" by the parent bank.