BAKU, Azerbaijan, June 4. The next meeting of
the Council of Central (National) Banks of the Organization of
Turkic States OTS) is being held in Baku today, Chairman of the
Central Bank of Azerbaijan (CBA), Taleh Kazimov, wrote on his X
page, Trend
reports.


"We are very pleased to welcome the heads of the central banks
of the brotherly countries and the Secretary General of the Turkic
States Organization in Baku.


At a time when cooperation between the Turkic states has entered
a new stage, strengthening dialogue and exchange of experience
between the institutions we lead is of particular importance.


We believe that this meeting will be the next important page in
the Council's activities and will make a significant contribution
to the formation of a more integrated, innovative, and sustainable
financial ecosystem in our region," the CBA chairman said.


In connection with the meeting, the leadership 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
the Turkish Republic of Northern Cyprus, which are observers, are
visiting Azerbaijan. The OTS Secretary General is also expected to
participate in the meeting.







The meeting will be an effective platform for the central banks
of the represented countries to discuss 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 goal 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.