Principles of Official Reserve Management & Adequacy

Official foreign exchange reserves are the sovereign assets held by central banks to support the exchange rate, buffer against external shocks, and maintain confidence in the economy. This foundational course provides a detailed framework for the safe, liquid, and profitable management of these reserves. Participants will learn the core principles of reserve management, methodologies for determining **reserve adequacy**, and the construction of the **Investment Policy Statement (IPS)**. The curriculum emphasizes the strategic alignment of investment objectives with the central bank's mandate, prudent risk management, and the compliance requirements associated with safeguarding public funds in complex global markets.