Financial Literacy

Enhancing financial literacy is a major key to financial inclusion, and should intersect with all financial inclusion components. Promoting awareness of financial products and services helps individuals make good and secure use of them, and to develop the ability to make smart decisions and leverage financial resources. Increasing financial literacy and awareness across all sectors enables citizens to:

 

• Understand the basic financial and banking principles and concepts.
• Manage savings and property, and make optimal and secure investment decisions.
• Leverage resources, services, and facilities offered by banks and other financial
  institutions to improve personal finance and to develop business.
• Enhance consumer protection methods and means, and build trust in financial
  transactions and dealings, thus encouraging investment and use of services.
• Strengthen financial inclusion as well as financial, economic, and social stability in
  the Kingdom.