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https://snb.ch redirected to https//www.snb.ch during the time we crawled it. The Swiss National Bank (SNB) is the central bank of Switzerland, responsible for the country's monetary policy and issuing Swiss franc banknotes. It operates independently and is governed by the Swiss National Bank Act. The SNB's primary mandate is to ensure price stability while taking into account the economic situation, and it also contributes to the overall stability of the financial system. Key Functions and Responsibilities: Monetary Policy: The SNB formulates and implements Switzerland's monetary policy. It uses various tools, such as setting interest rates and conducting open market operations, to influence the money supply and achieve its policy objectives. Currency Issuance: As the sole authority to issue Swiss franc banknotes, the SNB is responsible for their design, production, and distribution. It also manages the country's gold reserves. Financial Stability: The SNB monitors and assesses risks to the stability of the Swiss financial system. It collaborates with other regulatory authorities to address potential threats and promote a sound and secure financial environment. International Cooperation: The SNB participates in international forums and cooperates with other central banks and financial institutions. This collaboration includes sharing information, coordinating policies, and contributing to global financial stability. Economic Analysis: The SNB conducts economic research and analysis to support its policy decisions. It publishes reports and assessments on various economic and financial topics, providing valuable insights for policymakers, financial markets, and the public. Foreign Exchange Reserves: The SNB manages Switzerland's foreign exchange reserves, which play a crucial role in supporting the stability of the Swiss franc and the country's overall economic and financial position. Supervision and Regulation: While the primary responsibility for banking supervision lies with the Swiss Financial Market Supervisory Authority (FINMA), the SNB is involved in overseeing the stability and functioning of the banking sector. History and Governance: The Swiss National Bank has a rich history dating back to its establishment in 1907. Over the years, it has evolved to adapt to changing economic and financial landscapes, and its governance structure has been refined to ensure effective and accountable operations. The SNB's decision-making body is the Governing Board, which consists of the Chairman, Vice Chairman, and additional members. The Governing Board is responsible for setting the SNB's monetary policy and overseeing its operations. In conclusion, the Swiss National Bank is a key institution in Switzerland's financial and economic landscape. Its role in maintaining price stability, issuing currency, and contributing to financial stability is essential for the country's overall economic well-being. The SNB's independence and expertise are fundamental to its ability to fulfill its mandate and support the Swiss economy."

• Central bank of Switzerland, Monetary policy, Swiss franc banknotes, Price stability, Financial system stability, Gold reserves, International cooperation, Economic analysis, Foreign exchange reserves, Banking supervision, Governing Board