The Central Bank of the Republic of Azerbaijan announced that it has signed a memorandum of understanding with the Hungarian Central Bank to formalize and expand bilateral cooperation across central banking activities. The agreement is intended to strengthen the institutional and legal basis for cooperation between the two authorities, broaden their engagement, and support the exchange of knowledge and best practice. The memorandum was signed in Baku on the sidelines of the second meeting of the Council of central and national banks of the member countries of the Organization of Turkic States. It covers monetary policy, banking supervision, capital markets, the insurance sector, payment systems, financial technologies and other areas of mutual interest. Planned cooperation includes meetings, seminars, exchange of experience, training programs and working visits.
Central Bank of the Republic of Azerbaijan2026-06-05
Central Bank of the Republic of Azerbaijan signs cooperation memorandum with Hungarian Central Bank on monetary policy supervision and payments
The Central Bank of the Republic of Azerbaijan signed a memorandum of understanding with the Hungarian Central Bank to formalize and expand bilateral cooperation across central banking activities. The agreement strengthens the institutional and legal basis for cooperation and provides for knowledge exchange in areas including monetary policy, banking supervision, capital markets, insurance, payment systems and financial technologies through meetings, seminars, training and working visits.