BAKU, Azerbaijan, June 3. The next meeting of
the Council of Central (National) Banks of the Organization of
Turkic States (OTS) member countries will be held in Baku on June
4-5, Trend reports
via the Central Bank of Azerbaijan (CBA).
According to the CBA, in this regard, the management teams of
the central banks of Kazakhstan, Kyrgyzstan, Uzbekistan, and
Türkiye, which are members of the council, as well as the central
banks of Hungary and Northern Cyprus as observers, will visit
Azerbaijan. The OTS Secretary General is also expected to
participate in the meeting.
The meeting will be an effective platform for discussing issues
related to ensuring macroeconomic and financial stability in the
context of global challenges, improving the transmission of
monetary policy, as well as the challenges and new opportunities
faced by the central banks of the represented countries in the
development of financial technologies in the era of digital
transformation. Thus, within the framework of the meeting,
presentations will be made, and discussions will be held 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".
The first meeting of the council, established in 2024, was held
last year in Astana, Kazakhstan. The main objective of the council,
which functions as an advisory and consultative body, is to
strengthen cooperation in monetary policy, financial stability,
payment systems, financial technologies, and other areas of mutual
interest, and to promote joint consultations and research.
