A memorandum on the establishment of the Council of Central Banks of the OTS member states was signed in Bishkek

Within the 11th Summit of the Organisation of Turkic States, a memorandum ‘On Establishment of the Council of Central (National) Banks of the OTS Member States’ has been signed.

The document was signed by the heads of the National Banks of Kyrgyzstan, Azerbaijan, Kazakhstan, Turkey and Uzbekistan.

The Council of Central Banks establishment aims to deepen cooperation and increase coordination between the central banks of the member states. The main tasks of the new Council will be joint consultations and research, the exchange of experience in the field of monetary policy, and financial stability, and the development of payment systems and the introduction of financial technologies. This decision will strengthen financial stability and promote economic cooperation in the Turkic region.

The Memorandum signing was an important step towards further integration and strengthening the economic potential of the OTS countries.

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A memorandum on the establishment of the Council of Central Banks of the OTS member states was signed in Bishkek

Read Similar

A meeting of the Coordination Council on Climate Change, Ecology and Sustainable Development was held

In four months, the Batken region received 231.9 million soms from the budget

Advertising structures erected without permission have been dismantled in the Sverdlovsk district

In the Panfilovsky district, repairs to 20 transformers and 26 kilometres of overhead lines are planned for this year