Well, the $199bn are not spent in the sense they are gone. The SNB of course now holds Dollars and Euros it bought with Franken. Of course, if the Franken now a

Well, the $199bn are not spent in the sense they are gone. The SNB of course now holds Dollars and Euros it bought with Franken. Of course, if the Franken now appreciates, they are taking a loss on those Dollars and Euros.