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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