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What is BIS?

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What is BIS?

Posted by Jitendra Singh 7 years, 11 months ago

CBSE > Class 12 > Business Studies

1 answers

Mohit Sharma 7 years, 11 months ago

The Bank for International Settlements was founded in 1930 as a clearinghouse for German war reparations imposed by the Treaty of Versailles. The original members were Germany, Belgium, France, Britain, Italy, Japan, the U.S. and Switzerland. Reparations were discontinued shortly after the bank's founding, and the BIS became a forum for cooperation and a counterparty for transactions among central banks.

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