In this article I'm going to talk to you about the Swiss banks group why Swiss banks are so popular and how much money are deposited in those banks by the foreigner.
So let's start up to 1920 Swiss banks were just like ordinary banks but in 1934 they codified Swiss bank secrecy with the passes of federal law.
And since then they have been accepting all the black and white currency from all over the world ensuring that the customers identity kept hidden this is the reason.
Why people love to keep their money in Swiss banks because they just don't ask anything about the source of income and that thing makes Swiss banks different from other banks.
The latest report of 2020 shows that the total foreign currency reserve is seven hundred sixty nine point zero nine million Swiss franc.
Which is equivalent to seven hundred ninety two point zero three billion US dollar and this amount is a larger than the total GDP of Saudi Arabia.
Which is seven hundred seventy nine point two nine billion US dollar so now the question arises people of which country have bought the maximum money in Swiss banks.
And the answer is United Kingdom which has almost twenty-six percent of the total money in Swiss banks then the United States at second position followed by West Indies France and Hong Kong.
But what about India where people think that most of the black money is in Swiss banks although the amount deposited by Indians and Swiss banks is a very large.
Which is six thousand seven hundred fifty seven Crore Indian rupees but India stands at seventy fourth rank which means people from 73 other countries are depositing much more money in Swiss banks than Indians so this is it for now.
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