Regulatory Alerts2026-06-05
Central Banks of Azerbaijan and Hungary sign Cooperation Memorandum
The Central Bank of Azerbaijan signed a Memorandum of Understanding with the Central Bank of Hungary on June 5, 2026, during the second Council of Central Banks of the Organization of Turkic States meeting in Baku. The agreement establishes institutional and legal frameworks to deepen bilateral cooperation across monetary policy, banking supervision, capital markets, insurance, payment systems, and financial technologies. It mandates regular meetings, seminars, training programs, and business trips to facilitate knowledge exchange and advance the development of both nations' financial sectors.
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