The Central Bank of the Republic of Azerbaijan reported that Governor Taleh Kazimov participated in and spoke at the first meeting of the Council of Central Banks of member states of the Organization of Turkic States, outlining economic development trends in Azerbaijan and the bank’s initiatives to strengthen monetary policy transmission. He also highlighted steps to expand the use of financial technologies and advance digital currency development. The meeting opened with remarks from the Governor of the National Bank of Kazakhstan, Timur Suleimenov, and the Organization’s Secretary General, Kubanychbek Omuraliev, and included interventions from the heads of the central banks of the Kyrgyz Republic, Türkiye and Uzbekistan, as well as an executive director of the Central Bank of Hungary. On the margins, Kazakhstan’s President Kassym-Jomart Tokayev received the participating central bank heads; the release also recalled that a memorandum to establish the Council was signed at the Organization’s 11th Summit in Bishkek by the central bank governors of Azerbaijan, Kazakhstan, the Kyrgyz Republic, Türkiye and Uzbekistan, establishing it as an advisory body for joint consultations and research on monetary policy, financial stability, payment systems, fintech and other shared areas. Kazimov indicated that the Council’s next meeting will be held in Baku.
Central Bank of the Republic of Azerbaijan 2025-05-27
Central Bank of the Republic of Azerbaijan chair addresses inaugural Organization of Turkic States central bank council meeting and confirms next session in Baku
Governor Taleh Kazimov of the Central Bank of Azerbaijan attended the inaugural meeting of the Council of Central Banks of the Organization of Turkic States, discussing Azerbaijan's economic trends and monetary policy. Central bank leaders from Kazakhstan, the Kyrgyz Republic, Türkiye, Uzbekistan, and Hungary focused on financial technologies and digital currency development. The Council, an advisory body, will next meet in Baku.