## Virtual : Monetary Policy Implementation Course - Reference Exchange Rate

## Source details

**Canonical URL:** [Virtual : Monetary Policy Implementation Course - Reference Exchange Rate](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v/index.json)
- [Bundle manifest](/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v/bundle-manifest.json)

## Bibliographic details
- Session: SA 22.47V
- Location: New Delhi, India
- Dates: October 18-20, 2022 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed

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### Target audience and qualifications
- Target Audience:
  - Central bank officials from CDOT and SARTTAC member countries.
  - Selected central banks from the APD region by invitation.
- Qualifications:
  - Participants are expected to be involved in monetary and FX policy and/or monetary and FX operations.
  - Participants are expected to work in either a monetary and FX policy, and/or a monetary and FX operations department.
  - No other pre-requisites are imposed.

### Course description and scope
- The course is a continuation of the joint SARTTAC-CDOT course on monetary policy implementation.
- Earlier segments included:
  - i) interest rate corridor (August 2021);
  - ii) central bank daily liquidity management (October 2021);
  - iii) collateral framework for central bank liquidity-providing operations (January 2022);
  - iv) Emergency Liquidity Assistance/Lender of last resort (April 2022);
  - v) Reserve Requirements (July 2022).
- Focus of this segment:
  - Central banks usually publish reference (or official) exchange rates used for accounting, government operations or other purposes.
  - Most central banks calculate these exchange rates based on market transactions.
  - The course will discuss main principles and country experiences about reference exchange rate determination mechanisms.
- Program structure:
  - Day 1: Presentations aiming to provide general guidance on reference exchange rate determination mechanisms.
  - Day 2 and Day 3: Invited central banks will present case studies to share their experiences and challenges.
  - There will be ample room for Q&A.

### Course objectives
- Improve understanding of reference exchange rate determination mechanisms.
- Exchange experiences with central banks from the region.

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## References

- [Virtual Training](https://www.imf.org/en/capacity-development/training/icdtc/delivery-methods)
- [Core Elements of Banking Supervision (CBS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2027/cbsat27-10)
- [Advanced Government Finance Statistics (GFS-A)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/gfs-ace26-45)
- [Fiscal Sustainability (FS)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/fsce26-38)
- [Safeguards Assessments of Central Banks (SAC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/at/2026/sacat26-30)
- [Macroeconomic Management in Resource Rich Countries (MRC)](https://www.imf.org/en/capacity-development/training/icdtc/schedule/ce/2026/mrcce26-44)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2022/mpissa22-47v_