BIS Founded Amidst Controversy

BIS Founded Amidst Controversy. The Bank for International Settlements (BIS) was founded in 1930 as part of the Young Plan to regulate German reparations after…

Location: Bank for International Settlements, Basel, Switzerland

Year:

Category: legendary

The Bank for International Settlements (BIS) was founded in 1930 as part of the Young Plan to regulate German reparations after World War I. The bank's establishment was marked by controversy, with the German delegate, Hjalmar Schacht, clashing with French and Belgian representatives over the bank's role and location.

Source: Bank für Internationalen Zahlungsausgleich

BIS Founded Amidst Controversy — Basel, Canton of Zurich

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