{
  "title": "FX Operations and Reference Exchange Rate",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2025/fposa25-20",
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  "summary": "Back to top Qualifications 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.",
  "publishDate": "2025-05-21",
  "sections": [
    {
      "heading": "Target audience and qualifications",
      "content": "- Target audience: Central bank officials involved in FX operations and FX market development.\n- Qualifications:\n  - Background in economics or finance.\n  - Relevant work experience in central banking.\n  - Basic understanding of FX operations and market dynamics.\n- Status: Deadline passed"
    },
    {
      "heading": "Course logistics",
      "content": "- Session No.: SA 25.20\n- Location: New Delhi, India\n- Date: April 21-24, 2025 (1 week)\n- Delivery Method: In-person Training\n- Primary Language: English\n- Organizers: IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT)"
    },
    {
      "heading": "Course description",
      "content": "- Aim: Enhance central banks' understanding of effectively managing foreign exchange (FX) operations and their role in FX market development.\n- Curriculum components:\n  - Calculation of reference exchange rates.\n  - Main principles of central bank FX operations.\n  - Strategies for FX interventions.\n  - Practical discussions based on case studies from countries with different FX regimes.\n  - Exploration of implications of new Multi-Currency Practice (MCP) policies.\n  - Addressing challenges of communicating FX policies and operations.\n- Teaching methods:\n  - Expert-led sessions.\n  - Interactive discussions.\n  - Panel discussion summarizing key insights and best practices for implementation in FX operations."
    },
    {
      "heading": "Course objectives",
      "content": "- Enhance understanding of FX operations among central bank officials.\n- Discuss the methodology for calculation reference exchange rates.\n- Analyze case studies from central banks in different FX regimes.\n- Address challenges in communicating FX policies and operations.\n- Explore the implications of new Multi-Currency Practice (MCP) policies.\n- Discuss the role of central banks for improving FX market functioning.\n- Facilitate knowledge sharing through country case studies and professional discussions."
    }
  ],
  "bullets": [
    "Target audience: Central bank officials involved in FX operations and FX market development.",
    "Qualifications:",
    "Status: Deadline passed",
    "Session No.: SA 25.20",
    "Location: New Delhi, India",
    "Date: April 21-24, 2025 (1 week)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Organizers: IMF South Asia Regional Training and Technical Assistance Center (SARTTAC) in collaboration with the IMF Capacity Development Office in Thailand (CDOT)",
    "Aim: Enhance central banks' understanding of effectively managing foreign exchange (FX) operations and their role in FX market development.",
    "Curriculum components:",
    "Teaching methods:",
    "Enhance understanding of FX operations among central bank officials.",
    "Discuss the methodology for calculation reference exchange rates.",
    "Analyze case studies from central banks in different FX regimes.",
    "Address challenges in communicating FX policies and operations.",
    "Explore the implications of new Multi-Currency Practice (MCP) policies.",
    "Discuss the role of central banks for improving FX market functioning.",
    "Facilitate knowledge sharing through country case studies and professional discussions."
  ],
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  "generatedAtUtc": "2026-09-29T20:06:23.043Z"
}