Mnisi promotes youth financial literacy for resilience
Phil Mnisi, Governor of the Central Bank of Eswatini, urged young people to embrace financial literacy for a resilient future. Speaking at the Global Money Week launch, he highlighted the need for open conversations and informed decision-making.
Navigating a complex financial world
Governor Mnisi stressed the importance of normalizing conversations about money, replacing silence with understanding to empower youth in an increasingly complex financial world.
He encouraged young people to speak up, share experiences, and seek guidance from trusted sources to take control of their financial well-being.
Making informed decisions involves identifying reputable financial education websites, researching regulatory authorities, and asking the right questions to financial representatives.
Mnisi warned against misinformation in the digital age, which can lead to risky or fraudulent activities.
He advised verifying financial information, checking source credibility, and contacting licensed institutions for clarity, emphasizing that being inquisitive is a sign of wisdom.
Financial education: A lifelong toolkit
Financial education offers youth a vital toolkit for budgeting, digital finance navigation, and confident money conversations.
These skills prevent costly mistakes, reduce anxiety, and build healthy financial habits.
Global Money Week expanded practical learning initiatives, including competitions, to deepen understanding and apply financial concepts in real-life.
Governor Mnisi thanked stakeholders, emphasizing collective commitment to empower youth and protect financial interests.
He welcomed the Disability Department's inaugural participation, aiming for full financial inclusion for all, aligning with the national call of 'Nkwe'.