Official gold holdings:
1,040.0 tonnes
Percent of foreign reserves in gold:
8.0%
In July, the Swiss central bank reported a $17.7 billion half-year gain, partially due to recovering gold prices.
In 1997, proposals were announced to sell a portion of the country's gold reserves because they were no longer considered to be "necessary for monetary policy purposes," according to the World Gold Council. In May 2000 the country began selling 1,300 tonnes of what it considered to be surplus gold. Under CBGA1 1,170 tonnes were sold, and 130 tones were sold under CBGA2. Switzerland has announced no plans to sell gold under CBGA 3.
Source: World Gold Council