The SEANZA is composed of 20 member countries: Australia, India, New Zealand, Pakistan, Sri Lanka, Bangladesh, People’s Republic of China, Hong Kong, China, Indonesia, Iran, Japan, Republic of Korea, Malaysia, Macau, China, Mongolia, Nepal, Papua New Guinea, Philippines, Singapore, and Thailand. SEANZA was formed to promote cooperation among central banks by providing intensive and systematic training courses for central bank staffs. Training courses are held biennially with a rotating system of host members.