An international financial organization who’s goal is to foster stability by connecting central banks of the world.
Established on 17 May 1930, the BIS is the world’s oldest international financial organization. It claims to open up discussion between central banks, make economic and monetary research, serve as a counterparty for central banks in their financial transactions, and as a trustee with international financial operations. It reported the average daily turn over in the foreign exchange market to be $4.0 Trillion after completing the survey in 2010. These reports come out every 3 years so it should be released soon.
