Bank for International Settlements was created on
1930-05-17.
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It is designed to prevent economic crises.
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makes economic policy reccommendation
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Average daily turnover is about US$4 trillion as estimated by
the Bank for International Settlements.
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The World Bank is not located in Switzerland.
What is located in Switzerland is the Bank of International Settlements (German: Bank für internationalen Zahlungsausgleich, BIZ). The BIZ was established in 1920 in the city of Basel.