Today, the next meeting of the “Council of Central (National) Banks of the member states of the Organization of Turkic States” is being held in Baku.
“Elchi” reports that the Governor of the Central Bank of Azerbaijan (CBA), Taleh Kazimov, shared a post about this on his “X” social media account.
We believe that this meeting, being another important page in the Council’s activities, will make a significant contribution to the formation of a more integrated, innovative, and sustainable financial ecosystem in our region,” the post stated.
It should be noted that in connection with the meeting, the leadership of the central banks of Kazakhstan, the Kyrgyz Republic, Uzbekistan, and Turkey, which are members of the Council, as well as the central banks of Hungary and the Turkish Republic of Northern Cyprus as observers, will visit our country. The participation of the Secretary General of the Organization of Turkic States is also expected at the meeting.
The meeting will serve as an effective platform for discussing issues related to the challenges and new opportunities faced by the central banks of the represented countries in the context of global challenges, such as ensuring macroeconomic and financial stability, improving the transmission of monetary policy, and developing financial technologies in the era of digital transformation. Thus, within the framework of the meeting, presentations will be held and discussions will take place on the topics of “Monetary and financial policy measures of central banks against global and regional risks in the medium term” and “Development of digital financial ecosystems, including financial technologies.”
It is worth reminding that the first meeting of the Council, which was established in 2024, was held last year in Astana, Kazakhstan. The main goal of the Council, which acts as an advisory and consultative body, is to strengthen cooperation on monetary policy, financial stability, payment systems, financial technologies, and other areas of mutual interest, as well as to promote joint consultations and research work.
