On Saturday, the Central Bank of Turkey and its Brazilian counterpart announced the signing of an important memorandum of understanding (MoU) to strengthen cooperation between the two organisations. This development also featured the mutual agreement signed by the governors of national banks in Washington. This cooperative endeavour emphasises dedication to developing stronger relationships and participating in technical tasks related to central banking.
Additionally, the Central Bank of Turkey announced another important Memorandum of Understanding, this time with the Central Bank of Kazakhstan, indicating an extension of its cooperative endeavours. This agreement, which was also formalised in Washington, is a result of the collaborative efforts of Timur Suleimenov, the head of the National Bank of Kazakhstan, and Fatih Karahan, the governor of the Turkish Central Bank.
The same goal of strengthening collaboration and launching technical projects within the institutional framework of central banking is emphasised in both memos. Furthermore, these strategic alliances open the door for concerted efforts to advance financial stability on a regional and international level and address shared concerns along with sharing knowledge.
These agreements have the potential to improve economic resilience, encourage innovation, and assist sustainable development projects by promoting deeper collaboration.
