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The Bank for International Settlements, situated in Basel, Switzerland, serves as the central bank for central banks. Its main role is to facilitate communication and cooperation between national central banks and the market. This is crucial in maintaining stability and efficiency in the global financial system. As a market intermediary, the BIS plays a vital role in ensuring the smooth functioning of monetary policies and financial transactions around the world. Its impact extends far beyond its headquarters, making it a key institution in the world of finance.
