The staff of the international monetary fund are proud to present their latest and in some ways most comprehensive publication in the form of the Guidelines for foreign exchange reserves management. The guidelines within this book are intended to help assist various countries strengthen their policies and frameworks whilst dealing with the reserve management issues that can arise in doing so. These guidelines have been developed to help strengthen the international financial architecture as well as promoting the policies and practices that daily contribute to the transparency and stability of the financial sector as a whole.