Seeking to ensure the welfare of Lithuanian residents and create value for the public, in September 2022 the Bank of Lithuania established the Centre for Financial Literacy.
The Centre aims to ensure that consumers are aware of alternatives to financial services and choose services by comparing them. The Centre also focuses on fraud and its prevention. Its activities are aimed at enhancing citizens’ understanding of public finances and raising their awareness to understand the importance of taxes paid to the state and private finances.
Head of the Centre for Financial Literacy: Dr Viktorija Dičpinigaitienė
Goal: strengthen the financial and economic literacy of the Lithuanian society.
- Seek to ensure that consumers make rational financial decisions based on independent and objective information provided by the Bank of Lithuania.
- Seek to ensure that consumers know alternatives to financial services and choose services by comparing the services of several financial market participants.
- Propose and implement measures to strengthen consumers’ resilience to increasing financial fraud.
- Contribute to promoting the development of economic and financial education in the country’s educational institutions.