Koba Gvenetadze Presented Informative Video Regarding Financial Pyramid To The Audience
On October 4th 2017, in
"Rooms Hotel" the Governor of the National Bank of Georgia, Koba Gvenetadze
presented informative and educational video and brochure to the audience aiming
increase the awareness on the risks of investing in financial pyramids.
Representatives of legislative and executive government, international
organizations, non-governmental sectors and media attended the presentation.
The National Bank of Georgia,
with the support of "Savings Banks Foundation for International Cooperation"
(SBFIC) developed educational video and brochure for the society, helping them
comprehend various issues: what is the financial pyramid, what are the risks of
unreasonable investments, how one can identify high-risks, pyramid schemes and
how to avoid the financial hazards.
Financial risks, savings and
managing personal finances are the priorities within the frameworks of the
national strategy of financial literacy, developed by the National Bank of
Georgia. Accordingly, the educational material is interesting, simple and
animated and aim to warn the consumers, while investing their savings,
additionally to take into consideration the financial and legislative risks
related to unreasonable investments.
Within the frameworks of the
meeting, the Governor of the National Bank of Georgia highlighted the
importance of reasonable savings, fraud schemes, financial risks and increasing
financial literacy in the society.
"Financial literacy and
protection of consumer rights are the priorities for the National Bank of
Georgia. To increase the awareness of reasonable savings, we are planning to
support discussions for the consumers. We want to deliver the information to
our society, which will give them the opportunity to evaluate the risks and
opportunities of investing money, ask as many questions as possible, to have
critical and responsible reactions throughout financial decision-making
processes. In the long-term perspective, we hope to help the society to achieve
financial well-being and stability. The video, which we present today regarding
the financial pyramids serves the sole purpose and aim. Additionally, I would
like to underline, that the upcoming year 2018 will be devoted to financial literacy
for the National Bank of Georgia, we will have even more intense educational
and informative activities. Also, I hope, that financial sector, as well as
legislative and executive offices and media representatives will support the
development of the national strategy" - stated the Governor of the National
Bank of Georgia, Koba Gvenetadze.