Certified Currency Management Professional

NAME OF THE COURSE
Currency Management
 
CERTIFICATION
Certified Currency Management Professional
 
COURSE OVERVIEW
Currency Management is the cycle by which organizations can catch the amazing learning experiences that come about because of trading in numerous monetary standards. Cash the executives is accordingly of vital worth to most firms.
Currency Management is the cycle by which organizations can catch the amazing learning experiences that come about because of trading in numerous monetary standards. Cash the executives is accordingly of vital worth to most firms.
A managed currency is one where a nation’s government or central bank intervenes and influences its value or buying power on the market, especially in foreign exchange markets. Central banks manage currency by issuing new currency, setting interest rates, and managing foreign currency reserves.
Monetary authorities also manage currencies on the open market to weaken or strengthen the exchange rate if the market price rises or falls too rapidly.
A completely unmanaged currency is said to be a “free-float,” although very few such currencies exist in practice.
 
TRAINING DURATION
Total Training Hours: 22 Hours
Training Duration: 1 Week
Total Training Days: 4-5 Working Days
 
TRAINING SCHEDULE
Weekdays (Sunday to Thursday)
Regular Sessions : 4 – 6 Hrs Per day (9 am to 2 pm or 3.00pm to 9.00 pm)
Food & refreshments Included
Weekends (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9 am to 5 pm)
Food & refreshments Included
 
CERTIFICATION
Globally recognized certificate from “Kings Global Career Academy”
 
TEST
No
 
LEARNING AIDS
Yes
 
COURSE MATERIAL
Hard & Soft Copies of Study Material
 
LANGUAGE OF INSTRUCTION
English
 
INSTRUCTOR HELPLINE
Yes
1. Email
2. Social Media (For Emergency requirements)
 
 
REGISTRATION REQUIREMENTS
1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
 
MODE OF PAYMENT
Cash / Cheque / Credit Card / Bank Transfer.
 
ELIGIBILITY
Retail business owners, e-commerce Project Managers, Marketing Managers, Digital Market Executives and Entrepreneurs.
Corporations that want to embrace e-commerce in their businesses
Individuals or Enterprises who want to explore alternative channels for sales and distribution
 
COURSE BENEFITS
Understand the fundamentals of Currency Management
Making the money cycle more expense productive and economical
Recognizing and surveying drivers liable to impact banknote interest
Distribute adequate notes and coins
Maintain quality of notes in circulation
Withdraw unfit notes from a circulation & destroy them
Keep up well-secured processes
Successfully consolidating quantitative and subjective information and factors
Arising patterns in the uses of cutting edge information examination
Valuable open doors and key obstructions of normalization
observing the way of behaving of banknotes in the dissemination
 
COURSE OUTLINE
 
Day 1    
  • Introduction to Foreign Exchange
  • Why firms go international
  • Types of overseas operations
  • Differences between domestic and multinational financial management
  • Current development impacting on foreign currencies
  • Currency Risk Management
  • Financial strategies to guard against foreign currency depreciation
  • Impacts of Changes in Foreign Exchange Rates
  • How to forecast foreign exchange rate
 
Day 2
  • A Strategic View of Currency Management
  • The Banknote Life-Cycle, Risk Management & Public Engagement
  • Introduction: the currency life-cycle
  • New challenges in currency management
  • Contingency and interruption planning
  • Talking money: the public and banknotes
  • Demand Forecasting, Fitness Standards (soiled notes), Sorting and Distribution
  1. Forecasting the demand for banknotes
  • Fitness standards and key aspects of note sorting and processing
  • Distributing cash from multiple vaults and locations, security checklist for cash remittance, currency chests
  • Value for money: working with external suppliers
 
Day 3
  • Interpreting Foreign Exchange Rate
  • Spot rate
  • Forward exchange rate
  • Direct quote versus indirect quote
  • Differentiation between foreign currency appreciation and depreciation
  • Bid and ask quotations
  • New Directions in Banknote Design
  • Banknote designs: comparison and appraisal
  • Case study
  • Foreign Exchange Management
  • Best practices across the Central Banks of various emerging and developed economies
  • Benefits of the global foreign exchange markets
  • Foreign Currency Exchange and its Management
 
Day 4
  • Some local aspects / latest features introduced by various central banks.
  • Designing Aspects
  • Security features against counterfeiting
  • Distribution, Processing, Destruction, and ATM
  • Treasury management
  • Treasury vs cash management
  • Currency hedging
  • Current and capital account management
  • Regulation of Money
  • Emerging challenges in the currency life-cycle
  • Practical solutions to meeting standards for assuring governance
  • Risk and opportunities for the internal audit profession
  • Personal challenges to the auditor
 
 
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