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Friday, October 19, 2018

CBA's Financial Literacy Month concludes

In an effort to increase financial literacy across the country, the Central Bank of Azerbaijan held World Savings Day Oct. 31, followed by Financial Literacy Month in November, which just ended.

Representatives from the bank and other financial institutions in the country and international institutions aimed to educate secondary-school students in matters of personal finance. The lecturers visited more than 50 schools in Baku and surrounding regions. They covered the importance of saving money, responsibility in financial and banking decisions, and other topics in banking and economics.

They also offered handouts and pamphlets, and other gifts were given to participants.

Banks in the country also allowed private citizens, young families and students to learn about the banking sector, budgeting and loans. These sessions also included printed materials for participants to take home and use as references.

World Savings Day began in 2012 as an initiative by the central bank to raise financial literacy among the populace.

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Central Bank of Azerbijan

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