## Virtual : Monetary Policy Implementation - Foreign Exchange Operations

## Source details

**Canonical URL:** [Virtual : Monetary Policy Implementation - Foreign Exchange Operations](https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2023/mpissa23-05v)

## Other formats

- [Markdown version](/en/capacity-development/training/icdtc/schedule/sa/2023/mpissa23-05v/index.md)
- [Structured JSON version](/en/capacity-development/training/icdtc/schedule/sa/2023/mpissa23-05v/index.json)
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## Bibliographic details
- Session: SA 23.05V
- Location: New Delhi, India
- Dates: January 10-12, 2023 (1 week)
- Delivery method: Virtual Training
- Primary language: English
- Status: Deadline passed

---

### Training Program
- Session No.: SA 23.05 V
- Delivery Method: Virtual Training
- Location: New Delhi, India
- Date: January 10-12, 2023 (1 week)
- Primary Language: English
- Deadline: Deadline passed

### 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/or monetary and FX operations.
- Participants are expected to work in either a monetary and FX policy, and/or a monetary and FX operations departments.
- No other pre-requisites are imposed.

### Course Description
- 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); and
  - vi) Reference Exchange Rate (October 2022).
- Course format: virtual.
- Focus: principles and country experiences about Foreign Exchange (FX) Operations.
- Observations presented:
  - Central banks use Foreign Exchange Operations for different objectives depending to their main goals.
  - Some central banks use rule-based and some discretionary FX operations.
  - Transparency of FX operations differs by country.
- Structure:
  - Day 1: Asad Qureshi will present a general guidance on Foreign Exchange Operations.
  - Days 2 and 3: invited central banks will present a case study to share their experiences and challenges.
  - Ample room for Q&A.

### Course Objectives
- Improve understanding of Foreign Exchange Operations.
- Exchange of experiences with central banks from the region.

---


## 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)

_Source: https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2023/mpissa23-05v_