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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

Planned / Implemented Meetings

Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries
Date : 14-15 May 2012 Venue : Istanbul Turkey

The 2012 Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries has been organized by SESRIC, in collaboration with the Central Bank of Turkey (TCMB), and held in Istanbul, Turkey on 15 May 2012 under the theme “Promoting Strong and Stable Capital Flows among OIC Countries: Roles of the Financial Sector and Central Banks”.

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SESRIC visited BANK INDONESIA
Date : 23 March 2012 Venue : Jakarta Indonesia

Mr. Mustafa Sahin, Researcher at SESRIC, visited Central Bank of the Republic of Indonesia on 23 March 2012 to discuss issues of mutual interest of cooperation between the two institutions.

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The Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries 2011
Date : 14-16 November 2011 Venue : Kuala Lumpur Malaysia

The Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries- 2011 has been organized by SESRIC, in collaboration with the Central Bank of Malaysia (Bank Negara Malaysia) and held in Kuala Lumpur, Malaysia on 16th November 2011 under the theme “Central Banking and Financial Sector Development”.

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Business Seminar on Islamic Finance
Date : 28-29 September 2011 Venue : Istanbul Turkey

Bank Negara Malaysia, in support of the Malaysia International Islamic Financial Centre (MIFC) initiative, organized a Seminar on Islamic Finance on 28-29 September 2011 in Istanbul, Turkey. The Seminar was well attended by over 180 delegates, comprising senior business and financial leaders from Turkey and Malaysia. Interests were also shown from financial and business delegates from the Asian, European and Middle East regions. The Centre was represented by Mr. Nadi Serhan Aydın, Researcher at the Centre.

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Seminar on Managing Liquidity in the Islamic Financial Services Industry
Date : 06-07 April 2011 Venue : Istanbul Turkey

The Islamic Financial Services Board (IFSB) organised a seminar on Managing Liquidity in the Islamic Financial Services Industry. It was held on 6-7 April 2011 in Istanbul, Turkey. The Central Bank of the Republic of Turkey (CBRT) hosted the event. The Centre was represented at the seminar by Mr. Nadi Serhan Aydin, Researcher at the Centre.

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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.

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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.

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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.

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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.

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Meeting of the Central Banks and Monetary Authorities of the Member Countries of the Organization of the Islamic Conference (OIC): 'Impacts of the Current Crisis on OIC Member Countries'
Date : 03 October 2009 Venue : Istanbul Turkey

Istanbul, TurkeyThe Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries was held in Istanbul, Republic of Turkey, on 3rd October 2009 on “Impacts of the Current Crisis on OIC Member Countries”. The Meeting was organized jointly by the Central Bank of the Republic of Turkey and the Statistical Economic and Social Research and Training Centre for Islamic Countries (SESRIC) on the occasion of the 40th anniversary of the Organization of the Islamic Conference and the 25th anniversary of the OIC Standing Committee for Economic and Commercial Cooperation (COMCEC). The Meeting was attended by H.E. Mr. Ali Babacan, Minister of State and Deputy Prime Minister of the Republic of Turkey, Governors of Central Banks and Monetary Authorities of OIC Member Countries, the OIC General Secretariat, COMCEC Coordination Office and the SESRIC.

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