🌍 Bank for International Settlements (BIS): The Central Bank of Central Banks
In the world of global finance, some institutions work quietly behind the scenes to maintain the stability of the international monetary system. One such powerful yet lesser-known organization is the Bank for International Settlements (BIS) . Often called the “central bank for central banks,” the BIS plays a crucial role in coordinating global financial stability and guiding central banks through complex economic challenges. 🏦 What Is the Bank for International Settlements (BIS)? The Bank for International Settlements (BIS) is an international financial institution that acts as a bank for central banks . It provides a platform for cooperation among the world’s leading monetary authorities. Established in 1930 , the BIS is the world’s oldest international financial organization , headquartered in Basel, Switzerland . While ordinary people deal with commercial banks, and commercial banks interact with central banks, central banks themselves turn to the BIS . It serves as a hub for...