Course Overview

Whether it is a domestic firm or multinational corporation, managing foreign exchange is important. The appreciation or depreciation of foreign currency affects the firm’s profitability and liquidity.

An appreciation of how international trade, business, economic and political developments could impact the exchange rate movement is critical in business strategic planning and control. Therefore, managers and executives in all functions should understand how to interpret the exchange rate, understand how the foreign exchange market works, and introduce effective tools and techniques in managing foreign currencies

Training DurationTotal Training Hours : 30 Hours
Training Duration : 1 Week
Total Training Days : 5 Working Days
Training SchedulesWeekdays (Sunday to Thursday)
Regular Sessions : 6 Hrs Per day (9am to 2pm or 3.00pm to 9.00 pm)
Food & refreshments Included

WeekEnds (Friday & Saturday)
Fast Track Sessions: 8 Hours per day (9am to 5pm)
Food & refreshments Included
Certifications:1) Certificate from Laurels Training Institute, Attested by Knowledge & Human Development Authority (KHDA) government of Dubai, UAE

2) Certificate from American Institute of Professional Studies (AIPS) from USA (After 15 Days of course Completion which will couriered to the attendees office address)
Learning AidsYes
Course MaterialHard & Soft Copies of Study Material
Language of InstructionEnglish
Instructor HelplineYes
1. Email
2. Social Media (For Emergency requirements)
Registration Requirements1. Passport Copy
2. Curriculum Vitae
3. Passport size photographs
4. Course Fee
Mode of Payment:Cash / Cheque / Credit Card / Bank Transfer.
Eligibility Criteria
(Who should attend this training)

This training is for professionals that work in the financial sector and want to know more about currency markets, such as: Cash Managers, Treasurers, Bank Relationship Managers, IT professionals, Consultants, Controllers, (Internal) Auditors, Back- en Mid Officers, Accountants, Legal experts, Journalists, Human Resource recruiters and Corporate Communication officers.

Also people active in imports and exports, such as purchase and sales managers will learn what impact exchange rates can have on their decisions and how they can manage the risks
Course Benefits

Upon completion of this workshop, participants will be able to;

- Understand the fundamentals of business activities

- Identify administrative/ finance functions that are critical to business operations

- Develop a checklist to handle administrative/ finance functions

- Learn the fundamentals of GST and Tax filing according to statutory compliance"

Course Contents / Outline

1) A Strategic View of Currency Management

2) 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

3) Demand Forecasting, Fitness Standards (soiled notes), Sorting and Distribution

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

4) New Directions in Banknote Design

Banknote designs: comparison and appraisal

Case study

5) 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

6) Some local aspects / latest features introduced by various central Banks.

Designing Aspects

Security features against counterfeiting

7) Distribution, Processing, Destruction and ATM

8) Treasury management

Treasury vs cash management

Currency hedging

Current and capital account management

Regulation of money

Emerging challenges in the currency life-cycle

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