Particularities of international settlements and individuals transfers

Abstract

Bank for International Settlements tackling challenges given the continuously changing global economic structure, the BIS has had to adapt to many different financial challenges. However, by focusing on providing traditional banking services to member central banks, the BIS essentially gives the lender of last resort a shoulder to lean on. In it’s aim to support global financial and monetary stability, the BIS is an integral part of the international economy. Accounting has undergone major changes since it’s inception, but towards a better and more efficient direction. Likewise, banks have evolved continuously, currently having their own online applications through which you can make remote transfers in the country. In addition, we have efficient and economical money management. And a strong advantage is that we can track transaction directly from the phone through applications. CZU: 657.432:336.717.1; JEL: E5, E50; DOI 10.5281/zenodo.6758100