Bank of Russia launches
The training course ‘Lessons in Financial Culture’ developed by the Bank of Russia will give members of the older generation the opportunity to learn about safe and efficient ways to use banking services and modern online technology, helping them to avoid becoming the victims of banking fraud.
The first lesson was held on 25 October 2017 at the G. Plekhanov Socio-economic Institute in Saratov. First participants felt that they especially benefited from the information on fraudulent schemes and measures to counter them, and on where to appeal to protect their rights. All the participants expressed their eagerness to share newly gained knowledge with relatives and friends.
Similar lessons will be conducted in N. Novgorod, Samara, Rostov-on-Don and Stavropol up to the end of 2017, with active assistance from larger regional educational institutions and libraries. In 2017-18, training sessions are scheduled to be conducted in 25 Russian cities, including Kursk, Yaroslavl, Krasnodar, Tyumen, Yekaterinburg, Arkhangelsk, Kaliningrad, Novosibirsk and Irkutsk. Looking ahead, the project will be extended to other Russian regions.
The course consists of four sessions and is designed for a group of 25 students. At the first session, ‘Saving for Living’, students will learn the right way to make savings, as well as how to get additional passive income and record their expenses. The second session, ‘Banking Services’, will be devoted to bank selection criteria and lending specifics. At the third session, ‘Online Access to Services’, students will find out how to make purchases or pay for utility services from home and how to make funds transfers to another regions; the final session, ‘Security Rules’, will provide training for identifying fraudsters and financial pyramids and will introduce students to the rules of cyber hygiene.
Later on, the methodology of this course will be offered to educational and public institutions seeking to improve financial literacy among the elder generation in their regions.
Training materials have been developed by the Bank of Russia in conjunction with the well-known Internet portal for the older generation ‘Baba-Deda’.