In 1947 the financial institution was appointed agent for the execution of the first intra-European compensation agreement initiated underneath the Marshall Plan, and in 1950 it turned the agent for the Organisation for European Economic Co-operation to serve the European Payments Union till its liquidation at the top of 1958. In 1973 the financial institution became the agent for the European Monetary Cooperation Fund, which had been established by the member international locations of the European Economic Community (now the European Union). It has since come to advertise international financial and financial stability and to function a centre for financial and monetary research and consultation, a technical agency for the execution of certain specific agreements, and a banker for the world’s central banks. Bank for International Settlements (BIS), worldwide financial institution established at Basel, Switzerland, in 1930, because the company to handle the fee of reparations by Germany after World War I and as an establishment for cooperation among the many central banks of the assorted countries (see Young Plan). The Japanese curiosity was repurchased by different central banks.

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