Abstract

Improving the financial literacy of Russian citizens is among the priority areas of implementation of the state policy. In this regard, efforts are ongoing. Bank of Russia, various foundations and educational institutions independently implement their own programs aimed at improving financial literacy. Ministry of Finance, together with a number of federal executive authorities and with the participation of the World Bank is developing a program to improve financial literacy. Currently in 10 regions of the Russian Federation: The Republic of Tatarstan, Altai, Krasnodar, Stavropol regions, Arkhangelsk region, Saratov region, Tomsk region, Kaliningrad region, Volgograd region, the city of Moscow is implementing the project «Promotion of the level of financial literacy and the development of financial Education in the Russian Federation». One of the key aspects of the project is the implementation of regional programs to improve the financial literacy of students in schools and universities, as well as adults in low- and middle-income countries. It is being developed in parallel the information Internet portal on financial literacy. Improving financial literacy is essential for building and developing the country´s economy as a whole. Unlocking the potential of the Russian financial market, strengthening its investment function is essential for the flow of funds into the domestic economy. 

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