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Extracts from the
Constituent Charter of
the Bank for International Settlements
(20 January
1930)
[Text amended on account of the renumbering
of the Articles of the Statutes and sanctioned on 10th
December 1969 in accordance with the conditions laid down in
Article 1 of the Convention
respecting the Bank for International Settlements.]
Whereas the Powers signatory to the Hague
Agreement of January, 1930, have adopted a Plan which
contemplates the founding by the central banks of Belgium,
France, Germany, Great Britain, Italy and Japan and by a
financial institution of the United States of America of an
International Bank to be called the Bank for International
Settlements;
[...]
1. The Bank for International Settlements
(hereinafter called the Bank) is hereby incorporated.
2. Its constitution, operations and
activities are defined and governed by the annexed Statutes
which are hereby sanctioned.
[...]
5. The said Statutes and any amendments which
may be made thereto in accordance with Paragraphs 3 or 4
hereof respectively shall be valid and operative
notwithstanding any inconsistency therewith in the provisions
of any present or future Swiss law.
[...]
10. The Bank, its property and assets and all
deposits and other funds entrusted to it shall be immune in
time of peace and in time of war from any measure such as
expropriation, requisition, seizure, confiscation, prohibition
or restriction of gold or currency export or import, and any
other similar measures.
[...]
[END]
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