As of 2022, Latvijas Banka took over the implementation of the task of the FCMC, i.e. promoting financial literacy and economic knowledge. Until 2022, this task was carried out by both institutions – the FCMC and Latvijas Banka, by each of them creating its own content and maintaining its own thematic websites.
In 2022, Latvijas Banka coordinated the implementation and evaluation of the National Strategy for Financial Literacy in Latvia 2021–2027 (Strategy). Together with more than 20 public, non-governmental and private sector institutions, 105 initiatives were implemented to gradually achieve the objectives of the Strategy. Latvijas Banka organised the Financial Literacy Week 2022, when 18 institutions carried out 25 initiatives in which 23 550 participants (students, teachers, families, seniors, etc.) took part. To assess the level of financial literacy of Latvia’s population, a financial literacy survey was conducted, and the Financial Literacy Index was developed.
In 2022, the work to improve the digital learning tool “My Economy” continued. The content of the advanced secondary school course “Social Science II” was developed and published. 302 449 unique users visited the e-learning tool “My Economy”. In order to support schoolteachers of economics and financial literacy, workshops and a conference for teachers were held with over 500 participants. In the survey conducted by Latvijas Fakti, 94% of teachers of social and civic education classes welcomed the contribution of Latvijas Banka in the development of economic and financial literacy teaching and educational aids.
In 2022, the Knowledge Centre “Money World” was opened for both remote and on-site visits, which was visited by groups of students, families and employees of various companies of Latvia. Companies also showed interest in Latvijas Banka’s financial literacy classes. In total, employees of more than 700 companies have attended personal finance planning classes of Latvijas Banka.
Other financial literacy materials have also been developed and various online and on-site events have been carried out.
