Iran Press/Asia: According to an Iran Press report from Istanbul, Mohammadreza Farzin, the Governor General of Iran's Central Bank, arrived in Istanbul yesterday evening to participate and give a speech at the 6th International Conference of Central Banks of the Organization of Islamic Cooperation (OIC) in Turkey and also to develop monetary and banking relations and cooperation with the member countries, at the head of a specialized delegation.
In this international summit, OIC member countries will discuss the latest state of economic growth and inflation of the member countries and the dimensions of using new technologies in electronic banking.
Currently, there are 57 member countries of the OIC, and the non-oil trade of the Islamic Republic of Iran with the member countries of this organization increased by 14% to 32.2 billion dollars in the first half of this year.
Meeting of the Central Banks and Monetary Authorities of the OIC Member Countries gathers central bank governors of the member countries to enhance cooperation and collaboration and share experiences in central banking issues. Annual meetings offer benefits to member countries to improve the functioning of the active mechanisms of communication in international platforms.
After the global financial crisis, the Central Bank of the Republic of Turkey initiated and hosted the Meeting of the Governors of Central Banks of the OIC Member Countries to discuss the impact of the global economic crisis on the OIC Member Countries in 2009 in Istanbul.
This year, the meeting was held in Bodrum in Muğla Province, Turkey on 21-22 September 2017, under the theme of “Fostering Strong, Sustainable, Balanced and Inclusive Growth in a Challenging Global Environment”. Governors of Central Banks of the OIC Member Countries discussed global economic and financial developments and elaborated on how to design appropriate policies to build resilience and make growth more sustainable, balanced, and inclusive over time. 204
