BSH launches awareness for financial education, Tanku: "MONEY SMART", financial culture is the key to success

Within a rapidly evolving financial landscape, where access to financial services becomes easier, while consumers face new risks, financial literacy has become a key life skill for individuals. For this, the Bank of Albania and the World Bank have presented the educational Exhibition "MONEY SMART - Financial education for all". Altin Tanku, Director of the Research Department at the Bank of Albania, told SCAN TV that financial education helps cultivate culture and inclusion through increasing financial knowledge, skills and attitudes, aiming to increase well-being and financial empowerment of consumers. "Financial education is important even outside of digitalization, but especially in the time we are living in. With the latest demographic developments that we have and with the great speed of digitalization and what we call the financialization of the economic life of the family, businesses and the entire market, it takes on extraordinary importance", said Tanku Also, the Director of the Research Department at The Bank of Albania has also talked about the benefits of SEPA. "SEPA is part of what we call the improvement of the economic and financial life of Albanian families, it significantly reduces the costs and time of transactions with the countries of the Eurozone where we have the vast majority of commercial and financial activity, but also of families of friends who live in those countries. It is an extraordinary success, with great benefits for the Albanian economy" - adds the director of the Research Department at BSH. Exhibition in front of headquarters no. 2 of the Bank of Albania will be open until June 28. It contains consumer-focused information on financial matters.