Finlit.uz
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| Founded | 6 August 2020 |
|---|---|
| Country of origin | Uzbekistan |
| Founder(s) | Central Bank of the Republic of Uzbekistan |
| URL | finlit |
Finlit.uz is an online educational resource from the Central Bank of the Republic of Uzbekistan about financial literacy.[1][2]
About the project[edit]
A study conducted by International Finance Corporation, "Enhancing Financial Capability and Inclusion in Uzbekistan: A Demand-Side Assessment" showed that the level of financial literacy in the country is relatively low, respondents were able to answer barely over half (4.09 of 7) of questons related to financial literacy correctly. Most of the respondents were able to answer 4 or 5 questions correctly (20 to 23 percent).[3] According to the results of another study, "Financial Literacy Levels in the Commonwealth of Independent States in 2021" conducted by OECD, the level of financial literacy of the population in Uzbekistan was estimated as 12.6 out of 21 (or 59.9% out of 100%).[4] Financial literacy is considered to be one of the main pillars to improve the well-being of a country's citizens. In order to intensify mutual cooperation with stakeholders, a specific action plan was developed as a part of the National Strategy for Financial Inclusion.
Finlit.uz is an online educational resource designed to deliver the basics of finance and economy. The main goal is to increase financial knowledge, cultivate rational financial behavior and attitude, shape financial discipline, and maintain financial resilience. The name "Finlit" is derived from "financial literacy" in English.[5]
Establishment[edit]
Increasing financial literacy of the population, and business entities is stipulated as one of the tasks of the Central Bank in a newly adopted Law in 2019 “On the Central Bank[6] of the Republic of Uzbekistan”. The Central Bank of Uzbekistan has developed a National Strategy for Financial Inclusion for 2021-2023 and became a coordinator of the educational projects on financial literacy. One of these projects - “Finlit.uz” online educational resource was launched on August 6, 2020.[7][8]
Features[edit]
The informative and broad content of the online resource is developed for schoolchildren, teachers, students and youth, entrepreneurs and the adult population, who desire to enhance financial knowledge. The website consists of: articles on various subjects such as money, budget, savings, credit, payments and transfers, financial market, monetary policy, currency regulation, entrepreneurship, consumer rights of banking services, training manuals and materials for teachers, trainers, bank agents, educational videos, glossary, financial literacy projects of the Central Bank (global campaigns, contests, training and seminars, cooperation with mass media), interactive services (deposit and loan calculators, frequently asked questions).[9][10]
The website's materials explain economic concepts, mechanisms, financial products and services in a simple way, provide cases, and highlight important aspects of financial decision-making.[11]
Projects[edit]
The Central Bank has been implementing a number of projects to increase the financial literacy of various target groups in cooperation with the Ministry of Higher and Secondary Special Education, the Ministry of Public Education, the Insurance Market Development Agency under the Ministry of Finance, IFC (the International Finance Corporation), commercial banks, fintech and insurance companies.
Seminars, training, roundtables, and meetings on increasing the financial literacy of the population are organized using the approach of ToT and ToC for stakeholders’ trainers, as well as with the help of Central Bank's trainers.These initiatives are mainly for children, youth, women, young families, entrepreneurs, migrants and their families.
| Projects | Goal | Period of implementation |
|---|---|---|
| "Increasing financial literacy of women in rural areas" | Increasing the financial literacy of the population, delivering financial knowledge, and developing skills (family budget, money management, savings culture, responsible borrowing, bank services, and financial security) | 2021 (on a regular basis) |
| "Financial literacy for migrants and their families" | 2021 on a regular basis) | |
| "Digital financial literacy for merchandisers" | 2021 (according to action plan) | |
| "The Four Seasons of Financial Literacy"[12] | 2022 (on a regular basis) | |
| "Financial literacy program for non-finance students" | 2021 (on a regular basis) | |
| "Financial literacy camp for children" | 2020 (on a regular basis) | |
| "Financial literacy month in schools for 5-11 grades" | 2021-2022 (according to action plan) |
Interactive projects and contests[edit]
Visitors of the resource can find resources on projects and contents hold, which are designed using non-traditional teaching techniques such as “edutainment” and “learning by doing”.
| Project name | Goal | Target group | Period of implementation |
|---|---|---|---|
| "Global Money Week"[13] and World Savings Day events | Identifying, evaluating and assessing financial knowledge of target groups and developing tailored projects on increasing financial knowledge in savings, family budget, responsible borrowing, bank services, and financial security. | Children and youth | 2020 (on a regular basis) |
| Online-test on financial literacy on the platform kundalik.uz | Schoolchildren | 2022 (based on the schedule) | |
| Financial literacy olympiad | Students | 2021 (based on the schedule) | |
| Case-championship on financial literacy | Students | 2021 (based on the schedule) | |
| Podcasts on financial literacy on Spotify and Yandex Music[14] | Population | 2021 (on a regular basis) | |
| Radio-quiz “Tavakkal” on the radio Oriat Dono[15] | Population | 2020 (on a regular basis) | |
| "Financial Literacy" broadcast on "Avtoradio" radio station | Population | 2021 (on a regular basis) |
| Contests | Period of implementation |
|---|---|
| Video contest on financial literacy[16] | 2019-2021 |
| Challenge on savings | 2021 (based on the schedule) |
| "Money Saving" challenege | 2021 (by plan) |
| Competition on creating commemorative coin and souvenir set designs | 2021 |
| The contests among school teachers on developing the best lesson on financial literacy | 2021-2022 |
Media content[edit]
Sitcom, video clips, questionnaires, and various audio and video materials have been earning wide popularity through "Finlit.uz". These materials are designed using techniques such as, “teachable moments”, “infotainment”, and “make it social”.
| Material | Genre | Content | Period of implementation |
|---|---|---|---|
| "Neighborhood of banker"[17][18] | Info-sitcom (90 episodes) | The first informative sitcom about financial literacy | 2021 |
| "Financial knowledge" | Informative video | Short videos about financial literacy | 2021 |
| "Financial mistakes"[19][20] | Song and video clip | Song about financial rakes which cause fraudulence | 2021 |
| Questionnaire with people | Video questionnaire | Video questionnaires conducted among the population on various financial questions | 2022 (on a regular basis) |
| "Infoblog" | Informative video | Video answers to FAQ | 2022 (on a regular basis) |
| "Money and history" | Informative video (2 series) | Documentary video about the history of money emission in Uzbekistan | 2022 |
References[edit]
- ^ "Finlit.uz - O'zR MB moliyaviy savodxonlik bo'yicha axborot-ta'lim veb-sayti". O’zbekiston Respublikasi Markaziy bankining moliyaviy savodxonlik bo’yicha axborot-ta’lim veb-sayti (in Uzbek). Retrieved 2022-08-03.
- ^ "Энди "finlit.uz" мобил қурилмангизда!". Ўзбекистон Республикаси Марказий банки (in Uzbek). Retrieved 2022-08-07.
- ^ "Enhancing Financial Capability and Inclusion in Uzbekistan: A Demand-S". www.ifc.org. Retrieved 2022-08-03.
- ^ "Financial Literacy Levels in the Commonwealth of Independent States in 2021 - OECD". www.oecd.org. Retrieved 2022-08-03.
- ^ "Loyiha haqida". O’zbekiston Respublikasi Markaziy bankining moliyaviy savodxonlik bo’yicha axborot-ta’lim veb-sayti (in Uzbek). Retrieved 2022-08-03.
- ^ "ЎРҚ-582-сон 11.11.2019. «Ўзбекистон Республикасининг Марказий банки тўғрисида»ги Ўзбекистон Республикаси Қонунига ўзгартиш ва қўшимчалар киритиш ҳақида". lex.uz. Retrieved 2022-08-05.
- ^ "Центральный банк Узбекистана запускает сайт Finlit.uz". weproject.media (in Russian). Retrieved 2022-08-23.
- ^ "Молиявий саводхонликни оширишга қаратилган веб-сайт ишга туширилди". Газета.uz (in Uzbek). 2020-08-06. Retrieved 2022-08-23.
- ^ "ЦБ запустил приложение по финансовой грамотности finlit.uz". Uzreport.news (in Russian).
- ^ "Банк кредити афзалроқми ёки жойида "бўлиб тўлаш"ми?". Perepost (in Uzbek). Retrieved 2022-08-23.
- ^ ""Finlit.uz" mobil ilovasi ishga tushdi". Spot – Biznes va texnologiyalar (in Uzbek). 2021-08-03. Retrieved 2022-08-23.
- ^ "'Молиявий саводхонликнинг тўрт фасли-2022' га старт берилди". Oyina.uz (in Tajik). Retrieved 2022-08-03.
- ^ uz, Kun. "Марказий банк ташаббуси билан Global Money Week Ўзбекистонда ҳам анъанага айланди". Kun.uz (in Uzbek). Retrieved 2022-08-03.
- ^ Подкаст Finlit.uz - Марказий банкнинг молиявий саводхонликни ошириш департаменти. Слушать все выпуски онлайн бесплатно на Яндекс Музыке, retrieved 2022-08-03
- ^ ""Oriat Dono" 106.5 radio to'lqinida Markaziy bankning moliyaviy savodxonlik bo'yicha radioviktorinasi g'oliblari taqdirlandi". O’zbekiston Respublikasi Markaziy bankining moliyaviy savodxonlik bo’yicha axborot-ta’lim veb-sayti (in Uzbek). Retrieved 2022-08-03.
- ^ "Уйдан туриб банкка пул қўйса ҳам бўлади. Онлайн омонатлар ҳақида муҳим маълумотлар". Daryo.uz (in Uzbek). Retrieved 2022-08-03.
- ^ Bankirning mahallasi (TV Mini Series 2021–2022) - IMDb, retrieved 2022-08-03
- ^ Bankirning Mahallasi Serial 1-QISM | БАНКИРНИНГ МАҲАЛЛАСИ | СЕРИАЛ 1-ҚИСМ, retrieved 2022-08-03
- ^ Yorqinxo'ja Umarov - Moliyaviy xatolar (Official Music Video), retrieved 2022-08-03
- ^ uz, Kun. "Ҳаммаси паролга бориб тақалади: Интернетдаги фирибгарликнинг янги турлари". Kun.uz (in Uzbek). Retrieved 2022-08-03.