Sub-category - Indepth Research Institute (IRES)

Foundation Course in Currency Management for Central Banks


Course Cover

Register for this course

We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.

February 2025

Date Duration Location Standard Fee Action
17 Feb - 21 Feb 5 days Half-day KES 55,000 | $ 595 Individual Group

March 2025

Date Duration Location Standard Fee Action
17 Mar - 21 Mar 5 days Half-day KES 55,000 | $ 595 Individual Group

April 2025

Date Duration Location Standard Fee Action
21 Apr - 25 Apr 5 days Half-day KES 55,000 | $ 595 Individual Group

May 2025

Date Duration Location Standard Fee Action
19 May - 23 May 5 days Half-day KES 55,000 | $ 595 Individual Group

June 2025

Date Duration Location Standard Fee Action
16 Jun - 20 Jun 5 days Half-day KES 55,000 | $ 595 Individual Group

July 2025

Date Duration Location Standard Fee Action
14 Jul - 18 Jul 5 days Half-day KES 55,000 | $ 595 Individual Group

August 2025

Date Duration Location Standard Fee Action
18 Aug - 22 Aug 5 days Half-day KES 55,000 | $ 595 Individual Group

September 2025

Date Duration Location Standard Fee Action
15 Sep - 19 Sep 5 days Half-day KES 55,000 | $ 595 Individual Group

October 2025

Date Duration Location Standard Fee Action
13 Oct - 17 Oct 5 days Half-day KES 55,000 | $ 595 Individual Group

November 2025

Date Duration Location Standard Fee Action
17 Nov - 21 Nov 5 days Half-day KES 55,000 | $ 595 Individual Group

December 2025

Date Duration Location Standard Fee Action
15 Dec - 19 Dec 5 days Half-day KES 55,000 | $ 595 Individual Group

Introduction

This course is designed to provide participants with a comprehensive understanding of currency management tailored for central banks. It covers the fundamentals of currency operations, risk management, and the regulatory environment specific to central banking.

Duration:

5 Days

Organizational Impact

Participants will enhance their ability to:

  • Manage currency operations efficiently within central banks.
  • Mitigate currency risks specific to central banks.
  • Ensure compliance with regulatory standards applicable to central banks.
  • Contribute to the financial stability of their central bank.

Personal Impact

Upon completion, participants will:

  • Gain a solid foundation in currency management tailored to central banks.
  • Improve their career prospects within central banks.
  • Be equipped to handle complex currency-related tasks specific to central banks.

Course Level:

Course Objectives

  • To understand the principles of currency management within central banks.
  • To learn about the mechanisms of currency markets relevant to central banks.
  • To manage currency risk effectively in a central banking context.
  • To comply with regulatory requirements in currency operations at central banks.

Course Outline:

Module 1: Introduction to Currency Management and the Role of Central Banks

  • Overview of currency management and its importance to economic stability
  • Role and responsibilities of central banks in currency production and issuance
  • Legal and regulatory frameworks guiding currency operations
  • Case Study: Examining the currency lifecycle in a central bank setting

Module 2: Currency Production and Design

  • Currency production process: From design to printing
  • Key security features to prevent counterfeiting
  • Sustainability in currency production: Material choices and longevity
  • Practical Exercise: Analyzing the security features of various banknotes

Module 3: Currency Issuance and Distribution

  • Efficient distribution strategies for national currency
  • Managing cash in circulation and responding to public demand
  • Technology in currency distribution: Automated Teller Machines (ATMs) and digital kiosks
  • Case Study: Optimizing cash distribution in a real-world scenario

Module 4: Counterfeit Detection and Security Management

  • Techniques for detecting counterfeit notes and coins
  • Implementing anti-counterfeiting measures and public awareness campaigns
  • Building a secure currency management framework
  • Practical Exercise: Hands-on counterfeit detection techniques

Module 5: Currency Management Trends and Future Perspectives

  • Digital currencies and the evolution of currency management
  • Emerging trends in cashless transactions and the impact on currency demand
  • Preparing for the future: Balancing traditional and digital currency strategies
  • Final Project: Developing a forward-looking currency management plan for a central bank

Related Courses


Course Administration Details:

METHODOLOGY

The instructor-led trainings are delivered using a blended learning approach and comprise presentations, guided sessions of practical exercise, web-based tutorials, and group work. Our facilitators are seasoned industry experts with years of experience, working as professionals and trainers in these fields. All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments, and lunch. All participants will additionally cater to their travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

TAILOR-MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location. For further inquiries, please contact us on:

PAYMENT

Payment should be transferred to the IRES account through a bank on or before the start of the course. Send proof of payment to [email protected]


Course Registration

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