CENTRAL BANK DIGITAL CURRENCIES TRAINING COURSE

COURSE OVERVIEW

Central Bank Digital Currencies (CBDCs) Training Course is a comprehensive professional programme designed to equip central bankers, financial regulators, banking executives, FinTech professionals, economists, payment-system specialists, treasury professionals, policymakers, technology leaders, and financial-sector managers with practical knowledge of central bank digital currencies, digital money, digital payments, monetary policy, financial stability, payment-system modernization, digital finance, financial inclusion, and central-bank innovation. The programme examines the economic, technological, regulatory, operational, and strategic dimensions of CBDC development and implementation.

The course provides an in-depth understanding of retail CBDC, wholesale CBDC, two-tier CBDC models, token-based and account-based systems, digital identity, digital wallets, payment infrastructure, interoperability, programmability, offline payments, cross-border CBDC payments, monetary policy transmission, banking-sector implications, and financial-system transformation. Participants will examine how central banks can evaluate CBDC business models, technology choices, governance structures, privacy requirements, cybersecurity considerations, and implementation approaches while maintaining monetary and financial stability.

Participants will develop practical competencies in CBDC feasibility assessment, policy design, CBDC architecture, digital-payment ecosystems, financial inclusion, monetary economics, payment-system interoperability, cybersecurity, privacy-by-design, AML/KYC, regulatory compliance, data governance, operational resilience, banking disintermediation analysis, and cross-border payment innovation. The training also considers the potential effects of CBDCs on commercial-bank deposits, liquidity, payment competition, financial stability, and the broader digital economy.

Through practical exercises, policy simulations, CBDC architecture assessments, economic analysis, implementation scenarios, technology evaluation, and general case studies, participants will develop a practical CBDC Policy, Governance and Implementation Framework. The programme enables institutions to evaluate CBDC opportunities and risks, strengthen digital-payment infrastructure, promote financial inclusion, improve payment efficiency, support innovation, and make informed strategic decisions concerning digital sovereign money.

COURSE OBJECTIVES

By the end of the training, participants will be able to:

1. Explain the concept, characteristics, and economic foundations of central bank digital currencies.
2. Differentiate between retail CBDC, wholesale CBDC, commercial-bank money, and privately issued digital assets.
3. Evaluate different CBDC architectures, operating models, and technology options.
4. Assess the implications of CBDCs for monetary policy and financial stability.
5. Analyze CBDC effects on commercial banks, deposits, liquidity, and credit intermediation.
6. Understand CBDC cybersecurity, privacy, digital identity, AML/KYC, and regulatory requirements.
7. Evaluate CBDC interoperability, digital wallets, payment systems, and cross-border applications.
8. Assess the potential role of CBDCs in financial inclusion and digital economic development.
9. Develop CBDC implementation, governance, risk-management, and stakeholder-engagement strategies.
10. Develop a practical Central Bank Digital Currency Policy and Implementation Framework.

ORGANIZATION BENEFITS

1. Strengthens institutional understanding of CBDC technology and economics.
2. Supports informed central-bank digital currency policy development.
3. Improves digital-payment infrastructure planning and modernization.
4. Enhances financial-sector innovation and digital transformation.
5. Strengthens monetary policy and financial-stability analysis.
6. Improves understanding of CBDC risks to commercial banking systems.
7. Strengthens cybersecurity, privacy, AML/KYC, and regulatory preparedness.
8. Supports financial inclusion and accessible digital-payment strategies.
9. Enhances cross-border payment and interoperability planning.
10. Builds institutional capacity for responsible CBDC implementation.

TARGET PARTICIPANTS

This course is designed for Central Bank Officials, Financial Regulators, Treasury Officials, Banking Executives, Commercial Bank Managers, Monetary Policy Specialists, Economists, Payment-System Professionals, FinTech Executives, Digital Banking Managers, Financial Analysts, Technology Managers, Cybersecurity Professionals, Risk Managers, Compliance Officers, AML/KYC Specialists, Government Policymakers, Financial Inclusion Specialists, Payment Infrastructure Managers, Digital Transformation Leaders, and senior professionals responsible for monetary policy, financial regulation, digital finance, payment systems, banking innovation, and financial-sector development.

COURSE OUTLINE

MODULE 1: CENTRAL BANK DIGITAL CURRENCY FUNDAMENTALS

1. Evolution of money and digital currencies
2. Definition, characteristics, and objectives of CBDCs
3. Retail CBDC versus wholesale CBDC
4. CBDCs versus cash, commercial-bank deposits, stablecoins, and cryptocurrencies
5. Drivers of global CBDC research and experimentation
6. CBDC economic, social, and financial-system implications
   General Case Study: A central bank is evaluating whether declining cash usage and rapid growth in digital payments justify the introduction of a sovereign digital currency. Participants assess the potential economic benefits, risks, and policy objectives.

MODULE 2: CBDC ARCHITECTURE, TECHNOLOGY & PAYMENT INFRASTRUCTURE

1. Account-based and token-based CBDC models
2. Direct, indirect, and two-tier CBDC architectures
3. Digital wallets, accounts, and payment interfaces
4. Distributed ledger technology and alternative technology architectures
5. CBDC interoperability with existing payment systems
6. Offline payments, scalability, resilience, and system availability
   General Case Study: A central bank wants to introduce a retail CBDC while allowing commercial banks and licensed payment providers to continue serving customers. Participants design a suitable two-tier CBDC architecture.

MODULE 3: CBDC MONETARY POLICY & FINANCIAL ECONOMICS

1. CBDCs and monetary policy transmission
2. CBDCs and money supply dynamics
3. Interest-bearing and non-interest-bearing CBDC models
4. Effects on bank deposits and credit creation
5. CBDCs, liquidity, inflation, and financial stability
6. CBDC limits, holding caps, and remuneration mechanisms
   General Case Study: Commercial banks report concerns that customers may transfer substantial deposits into CBDC wallets. Participants assess potential effects on bank liquidity, lending, monetary policy transmission, and financial stability.

MODULE 4: CBDC GOVERNANCE, REGULATION, PRIVACY & RISK

1. CBDC governance and institutional responsibilities
2. Legal and regulatory frameworks for digital sovereign money
3. Digital identity, AML/KYC, and financial crime prevention
4. Privacy, data protection, and transaction confidentiality
5. Cybersecurity, fraud, operational resilience, and technology risk
6. Consumer protection and CBDC accountability frameworks
   General Case Study: A proposed CBDC system generates concerns about cybersecurity, transaction privacy, data protection, and illicit-finance risks. Participants develop a governance and risk-control framework addressing these challenges.

MODULE 5: CBDC FINANCIAL INCLUSION, INNOVATION & CROSS-BORDER PAYMENTS

1. CBDCs and financial inclusion strategies
2. Digital wallets and underserved population access
3. Programmable payments and innovative financial services
4. CBDC interoperability with domestic payment platforms
5. Cross-border CBDC payments and foreign-exchange considerations
6. International cooperation and multi-CBDC arrangements
   General Case Study: Several neighboring countries seek to reduce the cost and settlement time of cross-border payments. Participants evaluate how interoperable CBDC systems could support faster, cheaper, and more transparent regional payments.

MODULE 6: CBDC IMPLEMENTATION, PILOTING & STRATEGIC ROADMAP

1. CBDC feasibility studies and readiness assessments
2. Pilot design, testing, evaluation, and scalability
3. Stakeholder engagement and public adoption strategies
4. CBDC economic-impact and cost-benefit analysis
5. Implementation risks, change management, and operational readiness
6. Developing a CBDC Policy, Governance and Implementation Roadmap
   General Case Study: A central bank has completed CBDC research and intends to move toward a controlled pilot. Participants prepare an implementation roadmap covering policy objectives, technology, regulation, stakeholders, risk management, public communication, testing, evaluation, and scaling.

GENERAL INFORMATION

1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, flight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.