The BIS Chronology chronicles the main events relevant to the history of the Bank for International Settlements since it was created in 1929-30. Major financial, monetary and world events that are not directly related to the BIS, but that have had an impact on it, are listed in italics.
| 1950 | ||
| 3 Apr |
Vocke, President of the Bank deutscher Länder, takes up seat on the BIS Board of Directors
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| 19 Sep |
Agreement for the establishment of European Payments Union (EPU)
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| Oct |
First meeting of the EPU managing board in Paris; Conolly represents the BIS (EPU Agent)
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| Oct-Nov |
German credit crisis; Jacobsson-Cairncross mission to Germany (EPU); EPU special credit to Germany
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| 28 Nov |
Central Bank of Iceland becomes BIS member
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| 5 Dec | Central Bank of Ireland becomes BIS member | |
| 1951 | ||
| 10 Jan |
Bank of Portugal becomes BIS member
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| Apr | European Coal and Steel Community established
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| 24 May | Central Bank of the Republic of Turkey becomes BIS member | |
| 8 Sep | San Francisco Peace Treaty between Japan and the allied powers; Japan loses all rights it enjoyed under the 1930 Hague Agreement; Japanese participation in the BIS officially ends | |
| Dec | Marshall Plan aid ends | |
| 1952 | ||
| 29 Feb | U.K. government considers and rejects the so-called ROBOT Plan (convertibility with floating rate) | |
| Mar |
EPU short-term credit to France
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| 13-14 Aug | Japan and West Germany join the IMF and the World Bank | |
| Oct | Standby arrangements introduced by the IMF | |
| 1953 | ||
| 27 Feb |
London Agreement on German External Debts, including settlement
of the Dawes and Young loans, with BIS resuming duties as fiscal Agent
and Trustee
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| Jun | EPU renewed without change | |
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| 1955 | ||
| Apr | EPU special credit to Italy | |
| 1-2 Jun | Conference of Messina: European Coal and Steel Community countries decide on a common market | |
| 5 Aug | European Monetary Agreement signed (to take effect after the end of EPU) | |
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| 1956 | ||
| Oct |
Per Jacobsson resigns as BIS Economic Adviser to become Managing
Director and Chairman of the Board of Directors of the IMF
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| 17 Oct | France obtains $262.5 million standby credit from IMF
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| 1957 | ||
| Jan |
Jacobsson having left, Paolo Baffi, Economic Adviser at the Bank
of Italy, and Friedrich Lutz of Zurich University are appointed
part-time Economic Advisers to overlook preparation of the BIS Annual
Report; this arrangement will remain in place until November 1960
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| 25 Mar | EEC and Euratom Treaties signed in Rome
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| Jul | Deutsche Bundesbank replaces Bank deutscher Länder
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| 10 Aug | Devaluation of French franc by 16.7%
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| 1958 | ||
| 1 Jan | EEC and Euratom Treaties come into force
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| 18 Mar | EEC Council resolution on the statute of the EEC Monetary Committee
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| 1 Jul |
Marius W Holtrop succeeds Frère as President of the BIS and Chairman of the Board
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| 1 Oct |
Guillaume Guindey succeeds Auboin as General Manager of the BIS
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| 27 Dec | Announcement of the convertibility of all major European currencies for current account transactions
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| 29 Dec | Devaluation of French franc by 14.8%. Creation of the 'nouveau franc'
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| 31 Dec |
European Payments Union wound up and replaced by European Monetary Agreement (EMA)
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| 1959 | ||
| 30 Jul | Radcliffe Committee reports on the working of the U.K. monetary system, downplaying significance of monetary policy
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1940-1949
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1960-1969
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