Lecture on importance of financial literacy
View(s):A public lecture on “What is financial literacy and why is it important” will be held from 4.30 to 5.30 pm on Thursday March 28 at the Central Bank auditorium, Rajagiriya.
The CFA Society Sri Lanka, the local society of the CFA Institute collaborates with the Central Bank of Sri Lanka to support the bank’s National Financial Inclusion Strategy (NFIS). The presentation will be made by Ravi Abeysuriya, CFA, Advocacy Chair /Director CFA Society Sri Lanka, who has authored an e-book ‘Financial Literacy to Achieve Your Financial Wellbeing’ which is available to download free of charge at www.cfasrilanka.lk.
Those who attend the public lecture are likely to benefit from understanding the basic concepts of financial literacy to make better and more informed decisions when it comes to saving and borrowing money.
“The financial literacy rate in Sri Lanka is 35 per cent compared to an average of 65 per cent in more developed economies. Low financial literacy levels and poor financial education are the root cause of financial problems faced by many Sri Lankans. Financial literacy matters on many levels. It not only helps people manage their financial affairs and improve their standard of living but also makes an important contribution to the soundness and efficiency of the financial system and to the performance of the economy,” Mr Abeysuriya was quoted in a media release. .