Financial Literacy Programme Launched in Ten Schools

Sofia, January 26 (BTA) - A financial literacy programme entitled "My Money" will be piloted in ten schools around the country in the second term of this school year. It will involve 300 students from grade 9 through 11.

The initiative for financial literacy lessons is being implemented by banks in partnership with the Higher School of Insurance and Finance and the ucha.se online platform for educational videos, the programme's organizers said on Thursday.

The schools are in the capital Sofia, the cities of Plovdiv, Varna and Rousse, and the towns of Pirdop, Vratsa, Pleven, Panagyurishte and Sopot.

A poll found in 2016 that a mere 9 per cent of students in the 16-18 age group said they were financially literate and were familiar with the key financial terms. Pawn shops were the most readily recognizable. Also, 84 per cent of respondents said they needed knowledge and understanding of financial matters.