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Basic Financial Education for 12 Million Grade School Students

04.24.2008

Bangko Sentral ng Pilipinas

Lessons on saving and money management will be part of  the public elementary school curriculum from Grade I to Grade VI starting June this year, as provided under the Memorandum of Agreement signed yesterday by the Bangko Sentral ng Pilipinas and the Department of Education.  The objective is to prepare our youth in handling economic and financial opportunities. The agreement was signed by BSP Governor Amando Tetangco, Jr.(second from left) and DepEd Undersecretary Ramon Bacani (third from left) with BSP Deputy Governor Diwa Guinigundo (left) and DepEd Adopt-A-School Director Mari Paul Soriano (right). BSP and DepEd also agreed to re-launch the highly successful "Tulong Barya Para sa Eskwela" coin collection and fund-raising campaign which raised roughly P15 million in total benefits for public elementary schools.   Governor Tetangco said "Tulong Barya" serves as a national lesson in saving as it proves to our schoolchildren that every little amount saved adds up - including "barya" or coins.  "Tulong Barya Para sa Eskwela” therefore is a perfect complement and parallel activity to the integration of saving and money management in the grade school curriculum. Undersecretary Bacani said the financial education program will benefit our country's 12 million grade school pupils and enhance the financial know-how of  our public school teachers, numbering about 350,000 nationwide.

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