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Events / Geopolitical / OTS Central Banks Council Meets in Baku
International council meeting

OTS Central Banks Council Meets in Baku

Analysis based on 6 articles · First reported Jun 03, 2026 · Last updated Jun 05, 2026

Sentiment
20
Attention
2
Articles
6
Market Impact
General
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Market Impact

The meeting of the Council of Central Banks of the Organization of Turkic States>>> fosters greater financial cooperation and stability in the region, which could lead to more integrated financial markets and potentially increased trade and investment among member countries. Discussions on monetary policy, financial stability, and digital financial ecosystems aim to mitigate risks and enhance efficiency, positively impacting regional economic outlooks.

Financial Services Banking Technology
Event Summary

The Second Meeting of the Council of Central (National) Banks of the Organization of Turkic States>>> (OTS) was held in Baku, Azerbaijan, on June 4-5. Hosted by the Azerbaijan — Central Bank of Azerbaijan>>>, the event brought together high-level officials, including Taleh Kazimov>>>, Chairman of the Azerbaijan — Central Bank of Azerbaijan>>>, and Kubanychbek Omuraliev>>>, Secretary General of the Organization of Turkic States>>>. Representatives from the central banks of member states Kazakhstan>>>, Kyrgyzstan>>>, Uzbekistan>>>, and Turkey>>>, as well as observers from Hungary>>> and the Northern Cyprus>>>, participated. The discussions focused on ensuring macroeconomic and financial stability amidst global challenges, improving monetary policy transmission, and developing digital financial ecosystems and financial technologies. Presentations and Q&A sessions covered topics like central banks' responses to global and regional risks and the advancement of digital finance. The meeting concluded with the signing of a Communiqué, reaffirming commitment to closer financial cooperation, and it was announced that the Third Meeting will be held in Turkey>>> in 2027. The Council, established in 2024, serves as an advisory body to strengthen cooperation in monetary policy, financial stability, and payment systems.

Key Actions
95 Organization of Turkic States convened council meeting
90 Azerbaijan — Central Bank of Azerbaijan hosted meeting
80 Taleh Kazimov welcomed participants
70 Kubanychbek Omuraliev emphasized significance
70 Azerbaijan — Central Bank of Azerbaijan made presentations
60 Kazakhstan attended meeting
60 Kyrgyzstan attended meeting
60 Uzbekistan attended meeting
60 Turkey attended meeting
40 Hungary attended as observer
40 Northern Cyprus attended as observer
Entities Involved
alliance
Organization of Turkic States
The Organization of Turkic States>>> is the overarching body facilitating this council meeting, aiming to deepen financial cooperation and integration among its member states.
Importance 95 Sentiment 20
cbnk
Azerbaijan — Central Bank of Azerbaijan
The Azerbaijan — Central Bank of Azerbaijan>>> hosted the Second Meeting of the Council of Central Banks of the Organization of Turkic States, playing a key role in facilitating discussions on financial cooperation and stability.
Importance 90 Sentiment 20
per
Taleh Kazimov
Taleh Kazimov>>>, Chairman of the Azerbaijan — Central Bank of Azerbaijan>>>, welcomed participants and emphasized the importance of strengthening dialogue and exchange of experience among Turkic states' central banks.
Importance 80 Sentiment 20
per
Kubanychbek Omuraliev
Kubanychbek Omuraliev>>>, Secretary General of the Organization of Turkic States>>>, emphasized the historic significance of the council and the growing role of financial technology.
Importance 70 Sentiment 15
cnt
Kazakhstan
Kazakhstan>>> is a member of the Council of Central Banks of the Organization of Turkic States>>> and participated in the meeting, with its central bank leadership present.
Importance 60 Sentiment 10
cnt
Kyrgyzstan
Kyrgyzstan>>> is a member of the Council of Central Banks of the Organization of Turkic States>>> and participated in the meeting, with its central bank leadership present.
Importance 60 Sentiment 10
cnt
Uzbekistan
Uzbekistan>>> is a member of the Council of Central Banks of the Organization of Turkic States>>> and participated in the meeting, with its central bank leadership present.
Importance 60 Sentiment 10
cnt
Turkey
Turkey>>> is a member of the Council of Central Banks of the Organization of Turkic States>>> and participated in the meeting, with its central bank leadership present. It will also host the next meeting.
Importance 60 Sentiment 10
per
Almaz Baketaev
Almaz Baketaev>>>, Governor of the National Bank of the Kyrgyzstan>>>, attended the meeting.
Importance 50 Sentiment 10
per
Fatih Karahan
Fatih Karahan>>>, Governor of the Central Bank of Turkey>>>, attended the meeting.
Importance 50 Sentiment 10
per
Timur Ishmetov
Timur Ishmetov>>>, Governor of the Central Bank of Uzbekistan>>>, attended the meeting.
Importance 50 Sentiment 10
cnt
Hungary
Hungary>>> participated in the meeting as an observer, indicating its interest in the financial cooperation within the Turkic states.
Importance 40 Sentiment 5
cnt
Northern Cyprus
The Northern Cyprus>>> participated in the meeting as an observer, showing its engagement with the financial discussions.
Importance 40 Sentiment 5
per
Vugar Ahmadov
Vugar Ahmadov>>>, Executive Director of Azerbaijan — Central Bank of Azerbaijan>>>, shared the country's experience on monetary policy and financial stability.
Importance 40 Sentiment 10
per
Fidan Tofidi
Fidan Tofidi>>>, Director of the Financial Technologies and Innovations Department at the Azerbaijan — Central Bank of Azerbaijan>>>, presented on the country's digital financial ecosystem development.
Importance 40 Sentiment 10
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