The National Institute of Banking and Finance (NIBAF) successfully organized a two-day specialized training program on August 18–19, 2025, at its Islamabad campus. The training focused on the Currency Management Program and was designed exclusively for officers of the State Bank of Pakistan Banking Services Corporation (SBP-BSC).
The session was led by Mr. Mohsin Ramzan, Deputy Chief Manager (Cash), who brought years of expertise in currency operations and management to the program. With the evolving needs of Pakistan’s financial ecosystem, the training aimed at strengthening the capacity of SBP-BSC officers in handling currency-related operations, ensuring efficiency, security, and alignment with best practices in central banking.
The two-day training covered critical areas of the currency management cycle, including issuance, circulation, quality assurance, detection of counterfeit notes, and withdrawal of unfit currency. Participants were also briefed on the latest innovations in currency management systems and the importance of integrating technology for improving operational efficiency. The program highlighted how robust currency management directly contributes to monetary stability and public trust in the financial system.
Mr. Ramzan emphasized the importance of a structured currency management framework in his address, pointing out that it not only strengthens institutional performance but also supports the broader goals of the State Bank of Pakistan. He underlined the need for continuous learning and adaptation as the financial sector transitions toward digitization, ensuring that physical currency remains secure, well-regulated, and efficiently managed.
The training also included interactive sessions where officers discussed practical challenges faced in currency handling at branch and regional levels. Case studies and real-world scenarios were presented to improve problem-solving skills, enhance decision-making, and reinforce knowledge of compliance with SBP’s guidelines on cash management. This approach allowed participants to directly connect theoretical learning with operational realities.
NIBAF’s initiative reflects its role as a leading institution in providing advanced professional training for financial sector employees. By organizing specialized programs such as this, NIBAF continues to contribute to capacity building and strengthening the institutional foundation of Pakistan’s banking system. The training aligns with SBP’s broader vision of improving transparency, reducing inefficiencies, and enhancing public confidence in the financial sector.
Currency management has long been a cornerstone of economic stability, and with increasing emphasis on financial inclusion and digitization, ensuring efficient currency operations remains vital. This program not only addressed immediate operational requirements but also prepared participants to adapt to future challenges, including the integration of digital solutions into traditional cash management practices.
By the end of the training, participants walked away with improved technical knowledge, enhanced practical skills, and a deeper understanding of how effective currency management supports economic governance. The initiative highlighted the growing importance of continuous professional development for SBP-BSC officers and demonstrated how focused learning programs can contribute to both institutional growth and national economic resilience.