{
  "title": "Central Bank Foreign Exchange Operations",
  "sourceUrl": "https://www.imf.org/en/capacity-development/training/icdtc/schedule/sa/2026/fposa26-05",
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  "summary": "This comprehensive course will cover key topics, including the calculation of reference exchange rates, principles of central bank FX operations, and strategies for conducting FX interventions.",
  "publishDate": "2025-11-18",
  "sections": [
    {
      "heading": "Event details and logistics",
      "content": "- Session No.: SA 26.05\n- Location: New Delhi, India\n- Date: April 27-30, 2026 (1 week)\n- Delivery Method: In-person Training\n- Primary Language: English\n- Status: Deadline passed\n- Target Audience:\n  - Central bank officials involved in FX operations and FX market development\n- Qualifications:\n  - 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."
    },
    {
      "heading": "Course scope and major themes",
      "content": "- Central Bank FX operations and Reference Exchange Rate methodology\n- Principles and strategies for conducting FX interventions\n- Case studies from central banks operating under various FX regimes\n- Implications of new Multi-Currency Practice (MCP) policies on FX operations and reference exchange rates\n- Challenges in communicating FX policies and operations across different FX regimes\n- FX market development components:\n  - Introduction of the FX global code\n  - Electronic trading platforms\n  - FX derivatives"
    },
    {
      "heading": "Pedagogy and learning format",
      "content": "- Blend of lectures and discussions\n- Substantial time allocated for individual central bank case studies\n- Emphasis on peer-to-peer learning due to diverse FX regimes among participating central banks\n- Concluding panel discussion where experts summarize key insights and explore opportunities for implementing best practices in FX operations"
    },
    {
      "heading": "Course objectives (explicit)",
      "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": [
    "Session No.: SA 26.05",
    "Location: New Delhi, India",
    "Date: April 27-30, 2026 (1 week)",
    "Delivery Method: In-person Training",
    "Primary Language: English",
    "Status: Deadline passed",
    "Target Audience:",
    "Qualifications:",
    "Central Bank FX operations and Reference Exchange Rate methodology",
    "Principles and strategies for conducting FX interventions",
    "Case studies from central banks operating under various FX regimes",
    "Implications of new Multi-Currency Practice (MCP) policies on FX operations and reference exchange rates",
    "Challenges in communicating FX policies and operations across different FX regimes",
    "FX market development components:",
    "Blend of lectures and discussions",
    "Substantial time allocated for individual central bank case studies",
    "Emphasis on peer-to-peer learning due to diverse FX regimes among participating central banks",
    "Concluding panel discussion where experts summarize key insights and explore opportunities for implementing best practices in FX operations",
    "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": "2026-09-29T20:12:27.276Z"
}