Training Program

Central bank officials involved in FX operations and FX market development.

Participants should possess a background in economics or finance, relevant work experience in central banking, and a basic understanding of FX operations and market dynamics.

This course, offered by the IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT), aims to enhance central banks' understanding of effectively managing foreign exchange (FX) operations and their role in FX market development. Participants will delve into the calculation of reference exchange rates, main principles of central bank FX operations, and strategies for FX interventions. The curriculum includes practical discussions based on case studies from countries with different FX regimes, exploring the implications of new Multi-Currency Practice (MCP) policies, and addressing the challenges of communicating FX policies and operations. The course will feature expert-led sessions, interactive discussions, and culminate in a panel discussion summarizing key insights and best practices for implementation in FX operations.