The International Bank and the Gold Standard

Archive Report

Evolution of the Gold Standard Since 1913

The Bank for International Settlements, organized by the central banks of the principal European countries and by unofficial representatives of the United States, is scheduled to open its doors at Basel, Switzerland, on or about May 1,1930. The final agreement for establishment of the bank signed at The Hague, January 20, 1930, was ratified by Germany on March 12 and by France on April 5, 1930, A sufficient number of ratifications by other leading powers to permit the bank to open for business early in May is expected before the close of the present month.

While the Bank for International Settlements originated as a part of the Young plan, with the primary purpose of facilitating the transfer of reparation ...

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