The inaugural Meeting of the Council of Central (National) Banks of the Member States of the Organization of Turkic States (OTS) was successfully held on 27 May 2025 in Astana, Kazakhstan. The meeting marks a significant milestone in enhancing financial cooperation among the OTS Member States.
The meeting brought together high-level officials including H.E. Ambassador Kubanychbek Omuraliev, Secretary General of the Organization of Turkic States; H.E. Mr. Timur Suleimenov, Governor of the National Bank of the Republic of Kazakhstan; H.E. Mr. Taleh Kazimov, Governor of the Central Bank of the Republic of Azerbaijan; H.E. Mr. Melis Turgunbaev, Governor of the National Bank of the Kyrgyz Republic; H.E. Mr. Fatih Karahan, Governor of the Central Bank of the Republic of Türkiye; H.E. Mr. Timur Ishmetov, Governor of the Central Bank of the Republic of Uzbekistan; and H.E. Mr. Gábor Szőcs, Executive Director of the Central Bank of Hungary.
In his opening remarks, the Secretary General Ambassador Kubanychbek Omuraliev emphasized the historic significance of establishing the Council of Central (National) Banks as a strategic step toward deepening financial cooperation within the Turkic World. He highlighted the Council’s potential to foster macroeconomic stability, harmonize monetary policies, and build a resilient financial ecosystem across the OTS region.
The participants exchanged views on the current economic situation, monetary policy frameworks, and financial stability trends within their respective countries. A special focus was placed on the development of financial technologies and Central Bank Digital Currencies, highlighting their growing importance in promoting regional digital transformation and economic integration.
The Member States welcomed the launch of the Council’s activities as a platform for multilateral dialogue and reaffirmed their shared commitment to collaboration based on equality, trust, and mutual benefit.
The idea of establishment of the Council of Central Banks of the Organization of Turkic States was proposed by the President of Kazakhstan, H.E. Kassym-Jomart Tokayev and it was reflected in the OTS Bishkek Declaration. Within the framework of the Bishkek Summit, the member states signed a Memorandum of Cooperation among the Central Banks.
At the conclusion of the meeting, the Parties adopted the Communiqué of the 1st Meeting of the Council of Central (National) Banks, reaffirming their commitment to closer financial cooperation and dialogue. The 2nd meeting of the Council will be held in Azerbaijan in 2026.
