Central Banks of Kazakhstan and Azerbaijan Exchange Best Practices in Communications

The central banks of Kazakhstan and Azerbaijan have exchanged insights on their experiences in the field of communication, The Caspian Post reports citing local media.

"A delegation from the Central Bank of the Republic of Azerbaijan took part in a two-day program focused on communication and information policy. Participants exchanged experiences and best practices in key areas.

Discussions covered public engagement strategies, explaining regulatory decisions, developing social media and official online resources for central banks, tailoring communication for different target audiences, and leveraging digital platforms. The participants also explored real-world case studies and initiatives to improve financial literacy," the regulator said in a statement.

In September last year, a delegation headed by the Chairman of the National Bank of Kazakhstan, Timur Suleimenov, visited Azerbaijan. During the meeting, satisfaction was expressed with the level of existing ties between the central banks of both countries, and the observed pace of sustainable development was highly appreciated. A broad exchange of views took place on the current macroeconomic situation, monetary policy, payment systems, modern financial technologies, and other areas.

In 2023, a memorandum of understanding was signed between the two institutions. The document provides for expanding cooperation in the areas of monetary policy, the financial sector, payment systems, and financial technologies, exchanging experience and information, as well as organizing bilateral visits.