2026-06-03
The Azerbaijani government issued a press release announcing that Baku will host the second meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States on June 4-5, 2026. The event will convene central bank leadership from member states Kazakhstan, the Kyrgyz Republic, Uzbekistan, and Turkey, alongside observer representatives from Hungary and the Turkish Republic of Northern Cyprus, to address macroeconomic stability, monetary policy transmission, and digital financial ecosystem development. Established in 2024 as an advisory and consultative body following its inaugural session in Astana, the Council aims to strengthen regional cooperation on monetary policy, financial stability, payment systems, and joint research initiatives.
Press Releases A - A + Baku to Host Meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States June 3, 2026, Baku: The second meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States will be held in Baku on June 4-5. In this regard, the leadership delegations of the central banks of Kazakhstan, the Kyrgyz Republic, Uzbekistan, and Turkey, which are Council members, as well as those of Hungary and the Turkish Republic of Northern Cyprus in an observer capacity, will visit our country. The participation of the Secretary General of the Organization of Turkic States is also planned for 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 ensuring macroeconomic and financial stability in the context of global challenges, improving monetary policy transmission, and developing financial technologies during the digital transformation period. Specifically, within the framework of the meeting, presentations 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". It is worth noting that the first meeting of the Council, established in 2024, was held last year in Astana, Kazakhstan. The Council, which performs advisory and consultative functions, aims primarily 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. 1 1.52 MB 03.06.2026