{
  "title": "Virtual : Monetary Policy Implementation Course - Reference Exchange Rate",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v",
  "canonical": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v",
  "overlayPath": "/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v/index.md",
  "summary": "Selected central banks from the APD region by invitation.",
  "publishDate": "2023-03-11",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target Audience:\n  - Central bank officials from CDOT and SARTTAC member countries.\n  - Selected central banks from the APD region by invitation.\n- Qualifications:\n  - Participants are expected to be involved in monetary and FX policy and/or monetary and FX operations.\n  - Participants are expected to work in either a monetary and FX policy, and/or a monetary and FX operations department.\n  - No other pre-requisites are imposed."
    },
    {
      "heading": "Course description and scope",
      "content": "- The course is a continuation of the joint SARTTAC-CDOT course on monetary policy implementation.\n- Earlier segments included:\n  - i) interest rate corridor (August 2021);\n  - ii) central bank daily liquidity management (October 2021);\n  - iii) collateral framework for central bank liquidity-providing operations (January 2022);\n  - iv) Emergency Liquidity Assistance/Lender of last resort (April 2022);\n  - v) Reserve Requirements (July 2022).\n- Focus of this segment:\n  - Central banks usually publish reference (or official) exchange rates used for accounting, government operations or other purposes.\n  - Most central banks calculate these exchange rates based on market transactions.\n  - The course will discuss main principles and country experiences about reference exchange rate determination mechanisms.\n- Program structure:\n  - Day 1: Presentations aiming to provide general guidance on reference exchange rate determination mechanisms.\n  - Day 2 and Day 3: Invited central banks will present case studies to share their experiences and challenges.\n  - There will be ample room for Q&A."
    },
    {
      "heading": "Course objectives",
      "content": "- Improve understanding of reference exchange rate determination mechanisms.\n- Exchange experiences with central banks from the region."
    }
  ],
  "bullets": [
    "Target Audience:",
    "Qualifications:",
    "The course is a continuation of the joint SARTTAC-CDOT course on monetary policy implementation.",
    "Earlier segments included:",
    "Focus of this segment:",
    "Program structure:",
    "Improve understanding of reference exchange rate determination mechanisms.",
    "Exchange experiences with central banks from the region."
  ],
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  },
  "generatedAtUtc": "2026-09-29T19:51:34.574Z"
}