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The Group of Twelve or G12 is a group of industrially advanced countries whose
The Group of Twelve or G12 is a group of industrially advanced countries whose central bank
A central bank, reserve bank, or monetary authority is an institution that manages the currency and monetary policy of a country or monetary union,
and oversees their commercial banking system. In contrast to a commercial bank, a central ba ...
s co-operate to regulate international finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of fina ...
.
Note that the G-12 consists of thirteen countries. It encompasses the initial ten members of the International Monetary Fund
The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution, headquartered in Washington, D.C., consisting of 190 countries. Its stated mission is "working to foster globa ...
(IMF), which formed the original G10, adding Australia
Australia, officially the Commonwealth of Australia, is a Sovereign state, sovereign country comprising the mainland of the Australia (continent), Australian continent, the island of Tasmania, and numerous List of islands of Australia, sma ...
and Spain
, image_flag = Bandera de España.svg
, image_coat = Escudo de España (mazonado).svg
, national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond")
, national_anthem = (English: "Royal March")
, i ...
. In 1984, when Switzerland
). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...
joined the G10 and G12, the names of the groups were not changed.
See also
* Group of Three (G3) *Group of Four
The G4 nations, comprising Brazil, Germany, India, and Japan, are four countries which support each other's bids for permanent seats on the United Nations Security Council. Unlike the G7, where the common denominator is the economy and long- ...
(G4)
* Group of Six
The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is officiall ...
(G6)
* Group of Seven
The Group of Seven (G7) is an intergovernmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States; additionally, the European Union (EU) is a "non-enumerated member". It is official ...
(G7)
* Group of Ten (G10)
* G10 currencies The G10 currencies are ten of the most heavily traded currencies in the world, which are also ten of the world's most liquid currencies. Traders regularly buy and sell them in an open market with minimal impact on their own international exchange ra ...
* Special drawing rights
Special drawing rights (SDRs, code ) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency ''per se''. They represent a claim ...
References
International Monetary Fund International development International finance institutions Intergovernmental organizations International economic organizations Economic country classifications 20th-century diplomatic conferences 21st-century diplomatic conferences Organizations established in 1962 {{Org-stub