Meetings of Central Banks and Monetary Authorities

SESRIC convenes the Governors of the concerned financial institutions operating in OIC Member Countries for the purpose of sharing experiences on financial policies and central banking in order to catch up with the world’s agenda and follow up global trends and developments as well as to improve and enhance the level of cooperation and coordination among the Central Banks of the OIC Member Countries.

The Meeting was initiated when the world economy was still suffering the negative impacts of the global financial crisis which manifested in continuous slowdown of economic growth and high unemployment rates in many countries around the world. The Meeting worked out for the institutionalization of this SESRIC initiative,  supporting the efforts of the OIC Member Countries to mitigate the negative impacts of global financial crises and shocks on their economies.

The Meeting of the Central Banks and Monetary Authorities held on 3 October 2009 in Istanbul, Republic of Turkey, adopted the Final Communiqué in which the Governors of the Central Banks and the Heads of Delegations decided to convene the Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries on an annual basis.

"Knowledge-Sharing Platform on Payment Systems" Official Web Site

Implemented Meetings

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Training Course on “Inflation Targeting” at the National Bank of Tajikistan
Date : 29 November - 01 December 2010 Venue : Dushanbe Tajikistan

The Centre organised a training course on “Inflation Targeting” at the National Bank of Tajikistan on 29 November – 1 December 2010. The course was provided by Ms. Neslihan Kaya, expert from the Central Bank of the Republic of Turkey and was attended by 8 staff members of the National Bank of Tajikistan.

International Islamic Liquidity Management Corporation (IILM) Signing Ceremony
Date : 25 October 2010 Venue : Kuala Lumpur Malaysia

Eleven central banks and two multilateral organisations signed the Articles of Agreement for the establishment of the International Islamic Liquidity Management Corporation (IILM) on 25 October 2010 in Kuala Lumpur, Malaysia. This global initiative is aimed to assist institutions offering Islamic financial services in addressing their liquidity management efficiently and effectively. In addition, the initiative would facilitate greater investment flows for the Islamic financial service industry. To this end, the IILM will issue, in an integrated manner, high quality Shariah -compliant financial instruments at both the national level and across borders, thereby enhancing the soundness and stability of the jurisdictions in which they operate.

Director General of SESRIC addressed the Governors of Central Banks of OIC Member Countries
Date : 27 September 2010 Venue : Istanbul Turkey

Dr. Savaş Alpay, Director General of SESRIC, addressed the Governors of Central Banks and Monetary Authorities of the OIC Member Countries on 27 September 2010 during the opening session of the Meeting of Central Banks and Monetary Authorities of the OIC Member Countries-2010, which was jointly organised by the Central Bank of Turkey and SESRIC in Istanbul, Turkey.

Workshop on 'Payment Systems and Capacity Building'
Date : 26 September 2010 Venue : Istanbul Turkey

A one day workshop was organized by SESRIC in cooperation with the Central Bank of the Republic of Turkey on “Payment Systems and Capacity Building of Central Banks of OIC Member Countries” on 26 September 2010 in Istanbul, Turkey. The main objective of the workshop was to exchange views and experiences on payment systems in OIC Member Countries and on capacity building programmes organized by the Central Banks, as well as to explore the possibility for further cooperation and collaboration among the Central Banks.