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Financial Literacy Education inaugurated in GIS
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On 7th of February 2018 , GIS added yet another feather to its cap by introducing Financial Literacy Education to its students in partnership with Bank of Maldives.
The programme was kick started in a special assembly where Mr. Ali Farish, from Bank of Maldives spoke to the students on the importance of Financial Literacy for everyone in today's world.
Principal Mr. Thoha Saleem, also spoke at the assembly about the importance of learning financial stability at a young age. With the help of the programme, students will be able to make good financial decisions, have crucial advice on how to avoid bankruptcy and money problems. The students were reminded that money doesn’t buy happiness and we should always spend money wisely. Officials from Capital Market Development Authority , Allied Insurance, and Maldives Monetary Authority took the time to share their knowledge and explained their functions and services, to the students.
Also, a session was held for students of grade 9 and 10 by Bank of Maldives as part of their Financial Literacy Campaign and students were given information on how banks operate, how they can secure their future through insurance and protect themselves from scams. They were shown how to identify fake notes and given information on equity. Afterwards, via devices the students completed a survey to test their awareness of finance and also younger students did activities related to financial literacy, in their classes.
This programme will be carried out by integrating it into the school curriculum and also more activities are planned for the year to help the students develop a keen sense of financial literacy.