The Bank of Russia provides Moscow libraries with financial literacy textbooks

The capital’s libraries will receive 300 copies of the textbook.

The study pack, published under the auspices of the Bank of Russia, was released in early 2016 and reviewed by academic and expert communities, the Bank of Russia and the Russian Academy of Education. The textbook is addressed to 8-11-year secondary school students. In plain language the authors explain income and expense planning, family budgeting, saving and lending, insuring and investing and fraud protection, and give answers to other finance-related questions.

‘For school children, financial literacy is a fundamental building block for an academic world view which they will return to in financial decision-making throughout their lives. Another objective of financial literacy is to help consumers form the right financial habits,’ emphasised Mikhail Mamuta, head of the Bank of Russia Service for Consumer Protection and Financial Inclusion, when handing over the books to the libraries. Also in attendance of the event were the Director of the Central Universal Science Library Nekrasov Maria Privalova and representatives of the Moscow Directorate for the Development of Cultural Centres.