Bangko Sentral to conduct learning outreach in Siquijor

SIQUIJOR – The Bangko Sentral ng Pilipinas (BSP) will conduct the fifth leg of its Economic and Financial Learning Program (EFLP) for 2017 in Siquijor, Siquijor, today.

In an advisory from Lizette Antonio of BSP’s Economic and Financial Learning Center, she disclosed that the EFLP consolidates the learning outreach activities of the BSP under one flagship program.

It includes learning sessions that promote greater public awareness and understanding of key economic and financial issues, said Antonio.

She said the EFLP also embodies the goal of the BSP to promote economic and financial education among its stakeholders, who can then become more effective partners of the BSP in safeguarding price stability and in ensuring a stronger and safer banking and payments system.

One of the activities is the Project BRO or BSP Reaches Out, a savings campaign for kids and teenager.

Implemented in partnership with the Department of Education (DepEd) and the Bank Marketing Association of the Philippines (BMAP), this session forms part of the BSP’s efforts to foster the habit of saving early in the lives of Filipinos.

It will feature interactive lectures and discussions about the value of spending wisely, saving early, and saving in banks.

After the session, the BSP will track the students’ saving habits by closely coordinating with teachers and school officials to encourage students to open and maintain savings accounts in banks.

Another activity is the “Paghahanda sa Kinabukasan” Financial Learning Campaign for Overseas Filipinos and their Beneficiaries to be held on September 12, along with the “Know Your Money” Briefing to be attended by cash handlers.

The “Know Your Money” Briefing aims to educate cash handlers from banks, transport groups, cooperatives, supermarkets, and retail stores on the proper identification and handling of unfit, mutilated, and counterfeit banknotes and coins.

Topics include security features of the New Generation Currency (NGC) banknotes, relevant provisions of the BSP Clean Note and Coin Policy, and Coin Recirculation Program.

BSP will also undertake the “Be Up To Speed on BSP,” an information drive on the Role of the BSP in the Economy, on September 13.

There will also be a Financial Education Expo on September 13 to 14. (PIA)