PwC Foundation bolsters financial literacy among students
The PwC Cyprus Foundation participated in an initiative to promote financial literacy among youth during Global Money Week in 2024.
The PwC Cyprus Foundation participated in an initiative to promote financial literacy among youth during Global Money Week in 2024.
Fact: Central Bank of Cyprus governor Constantinos Herodotou emphasized the vital importance of digital financial literacy in today’s digital age through educational videos aimed at improving financial literacy in Cyprus, particularly among the youth.
The Central Bank of Cyprus (CBC) has created educational videos as part of the Global Money Week 2024 campaign to promote financial literacy, especially among the youth. These videos were made with contributions from President Nikos Christodoulides and the Governor of the Central Bank of Cyprus, Constantinos Herodotou. The theme for 2024 is “Protect Your Money, Secure Your Future,” focusing on safe money management and the importance of a responsible and informed approach. In one video, President Christodoulides discusses rising product prices, inflation measures, and the importance of understanding basic financial concepts. The videos are available on the CBC website, YouTube channel, and LinkedIn page.
The Cyprus Securities and Exchange Commission (CySEC) announced its participation in the Global Money Week (GMW2024), organized by the OECD, taking place from March 18 to 24, 2024, under the theme “Protect your money, secure your future.” This marks CySEC’s third consecutive year of involvement in the campaign, which aims to promote financial literacy among the youth. The campaign will see participation from over 176 countries. CySEC’s initiatives include a university lecture at the European University of Cyprus, informational presentations at schools, collaboration with the Central Bank of Cyprus, the Ministry of Education, and the Ministry of Finance to distribute educational materials in schools, and the publication of a new Investor’s Guide on online investments alongside an online campaign.