The use of the Swiss franc as a reserve asset has diminished - BBH

Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman notes that the use of the Swiss franc as a reserve asset has diminished. He further adds that It was hardly a significant reserve currency but the negative interest rates that still go out a decade likely discourage reserve managers. The franc's share of reserves fell from 0.29% of allocated reserves to 0.17% last year.  This represented a $6.0 bln decrease in the dollar valuation to $13.7 bln.