Question
Where is the headquarters of the Bank for International
Settlements (BIS) located to foster international monetary and financial stability and financial corporation?Solution
The Bank for International Settlements (BIS) started in 1930 and is owned by the central banks of different countries. It serves as a bank for member central banks, and its role is to foster international monetary and financial stability and financial coperation. The Bank for International Settlements is based in Basel, Switzerland, and it operates representative offices in Hong Kong and Mexico City.
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