Bank for International Settlements (BIS) - Important points to remember

  • Bank for International Settlements is an International organization.
  • BIS was established by the Hague agreements.
  • BIS was established in 1930.
  • First General Manager of BIS was Pierre Quesnay of France.
  • The purpose of is to increase the cooperation between the Central banks.
  • Number of member – 58 central banks
  • Location of Bank for International Settlements (BIS) – Basel, Switzerland
  • The present General manager of – Jaime Caruana of Spain.
  • Bank for International Settlements (BIS) also provides banking services, but only to central banks, or to international organizations like itself.
  • BIS has representative offices in Hong Kong and Mexico City.
  • In 2004 Bank for International Settlements (BIS) has published its accounts in terms of Special Drawing Rights, or SDRs, replacing the Gold Franc as the bank’s unit of account.

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