Turkic Central Bank Council Assembly Scheduled for Upcoming Astana International Forum
Astana, Kazakhstan - The first meeting of the Council of Turkic Central Banks will take place during the Astana International Forum on May 29-30, aiming to fortify financial alliances among Turkic states.
Photograph courtesy of OTS press service: Kubanychbek Omuraliev.
Central bank dignitaries from Azerbaijan, Kazakhstan, the Kyrgyz Republic, Turkey, and Uzbekistan are expected to attend the gathering.
In an exclusive interview with Kazinform on May 21, Secretary General of the Organization of Turkic States (OTS), Kubanychbek Omuraliev, discussed the objectives and agenda for the forthcoming conference.
Established in the wake of a memorandum of understanding signed during the 11th OTS Summit in Bishkek in November 2021, the goal of the council is to stimulate closer collaboration and unity in monetary policy among Turkic nations, bolster financial stability, and foster cooperation in the development of digital finance and payment systems.
"The gathering's focus will be on evaluating the current condition of member economies, addressing key aspects of monetary policy, financial resilience, the evolution of payment systems, and the potential introduction of central bank digital currencies," stated Omuraliev.
The secretary general emphasized that the council is poised to become a continuous platform for financial discourse and policy alignment among the Turkic states, thereby contributing to increased macroeconomic stability and deepening regional economic integration.
The OTS is tirelessly working towards economic integration via other means as well, including the Turkic Investment Fund and the Digital Economy Partnership Agreement, supporting SMEs, logistics, ICT, and green industries, and improving digital financial services. The endeavors of the council form part of the broader strategy outlined in the "Turkic World Vision 2040" to fortify regional economic connections and promote sustainable development.
- The first meeting of the Council of Turkic Central Banks, aimed at strengthening financial alliances among Turkic states, will discuss the current condition of member economies, monetary policy, financial resilience, and the evolution of payment systems.
2.As part of the Organization of Turkic States' broader strategy, the council is expected to focus on fostering cooperation in the development of digital finance and payment systems, contributing to increased macroeconomic stability and deepening regional economic integration.
