Angola’s Central Bank Aims to Enhance Financial Literacy

The National Reserve Bank of Angola (BNA) is prioritizing the improvement of financial literacy among Angolan citizens to mitigate the impact of crises and unforeseen events, as well as enhance the quality of existing banking services, stated Marília Poças, the Executive Director of the BNA’s Board of Directors.

In line with this objective, the BNA is conducting a Financial Education seminar tailored for judicial magistrates. Poças emphasized that a recent survey highlighted a low level of financial knowledge among Angolans, approximately 43%. To address this, the BNA aims to impart skills and knowledge to citizens in financial management.

Poças underlined the direct connection between health, well-being, and the financial stability of individuals. She stressed that the exchange of comprehensive financial knowledge is geared towards the prosperity of families, as well-managed personal finances lead to increased savings and investments.

The executive director reiterated that fostering a culture of savings contributes to higher levels of financial literacy. The two-day Financial Education Seminar for judges is a collaborative effort between the Central Bank of Angola and the Association of Angolan Judges, focusing on personal finance management.