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Bangko Sentral, DepEd, BDO team up to teach financial literacy in public schools

The Bangko Sentral ng Pilipinas (BSP) has teamed up with the Department of Education (DepEd) and the BDO Foundation to teach financial literacy in public schools across the country.

Officially launched in Pasig City on Monday, the Financial Literacy Program for Schools aims to educate some 24 million students and 700,000 teachers in financial literacy.

BDO and the central have came up with financial literacy materials which will be rolled out by the DepEd.

“There are two things that make this program exciting—first is the carefully developed materials, which are expected to make learning and teaching financial literacy more fun, interesting, engaging and effective,” BDO Foundation president Mario Deriquito said.

“The second is the program’s potential for rapid rollout and scaling up within the DepEd system,” he said.

Deriquito noted financial literacy is set to be included in the syllabus in the next two months.

Discussion and lesson guides will be developed by DepEd master teachers, which have been committed to be used in the Teacher Induction Program.

Video and lesson guides will be uploaded on the DepEd learning materials portal for teachers to access.

Among the topics are investing, the responsible use of credit, personal budgeting, and financial management. —VDS, GMA News