Bank for International Settlements (BIS)
The Bank for International Settlements (BIS) is an international financial organization whose primary purpose is to promote global monetary and financial stability by coordinating global central banks' monetary policy initiatives.
Because it offers various financial services to organizations such as the European Central Bank and the Federal Reserve, the Bank for International Settlements (BIS) is often referred to as the central bank for central banks. These services may include gold and currency transactions, and the ability to arrange short-term collateralized loans.
The BIS also seeks to promote collaboration among central banks.
The BIS's principal purpose as a central bank organization is to make monetary policy predictable and transparent among the 60-member central banks.
While most sovereign states now decide monetary policy, it is still susceptible to central and private banking supervision, and the possibility of speculation, which influences foreign exchange rates and the rate of export economies. Here, the BIS attempts to keep monetary policy in step with reality and assist in the timely implementation of any monetary changes, as a simultaneous policy across all 60 member banks, and the engagement of the International Monetary Fund.
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