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Bank for International Settlements

International financial institution owned by central banks

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Bank for International Settlements: International financial institution owned by central banks
The Bank for International Settlements (BIS) is an international financial institution which is owned by member central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1929, its initial purpose was to oversee the settlement of World War I war reparations.

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