Money only works as a measure of value if that value holds steady — the moment it erodes, the effects ripple through every level of economic life, from households to the state itself. This training course from the Arab British Fellowship Training Academy starts from that premise, treating the stability of cash value, particularly for consumer goods, as a condition the whole economy depends on rather than a purely technical finance topic.

Participants examine how currency erosion shows up as rapid inflation — often described as the worst form of monetary instability, and typically a sign of deeper strain within the state, though not one limited to wartime or major disasters. The course builds the knowledge needed to recognize this instability early and understand the policy tools used to contain it.

Who Should Attend

• Directors of institutions and companies.
• Business people looking to build their banking management skills.
• Business administration students and graduates from various universities.
• Bank managers and department staff within banks.
• Accountants and their assistants in banks and financial institutions.
• Anyone looking to build their expertise for work in this field.

Course Objectives

• Understand the concept of the time value of money and how it underpins standard financial calculations.
• Recognize the concept of cash value stability, and distinguish it from monetary inflation and deflation.
• Learn practical methods used to fight the erosion of cash value.
• Understand present value and the present value of installments, and apply the related standard calculations.

Module 1: The Time Value of Money

• The concept of the time value of money and why it matters in financial decision-making.
• Present value, and the present value of installments.
• Standard financial calculations built on the time value of money.

Module 2: Cash Value Stability, Inflation and Deflation

• The concept of cash value stability and why it matters for the wider economy.
• Financial inflation as an invisible erosion of purchasing power, and its effect on deferred payments and fairness.
• Financial deflation as the opposite phenomenon, and why its impact tends to be less severe than inflation.

Module 3: The Cost of Instability

• How unstable cash value undermines the effectiveness of the monetary system.
• Its link to rising consumption, falling savings, and uncertain economic decision-making.
• Its role in fueling speculation, misallocating resources, and discouraging capital formation.

Module 4: Methods for Fighting the Erosion of Cash Value

• Why limiting instability (inflation more than deflation) supports stronger economic growth, labor preservation and productive investment.
• State policies for controlling wages and prices to reduce instability and protect currency value.
• Countering those who exploit short-term price swings to make illicit profits from inflation.