Swiss National Bank

The Swiss National Bank (SNB) is Switzerland's independent central bank, mandated by the Constitution and law to act in the best interests of the country as a whole. Its primary goal is to ensure price stability while taking due account of economic developments. Established in 1907, the SNB conducts Switzerland's monetary policy, issues banknotes, facilitates the cashless payment system, manages the country's substantial currency reserves, and contributes to the stability of the financial system. It operates as a special-statute joint-stock company, with its shares traded on the stock exchange.