7 June 2019, Baku: The CBA continues the implementation of the ‘Increase of knowledge and skills of financial market participants’ target prioritized in the ‘Strategic Roadmap on Development of Financial Services in the Republic of Azerbaijan’ approved by Decree of 6 December 2016 of President of the Republic of Azerbaijan.
E-resources are used during the events oriented towards raising financial literacy of consumers and rendering intellectual support for their rational financial decision making. The CBA placed a new ‘The role of taxes in our life’ animation in its e-resource – the ‘Financial Literacy’ portal (www.bizimpullar.az). Developed together with the specialists from the Ministry of Taxes the animation provides sample-based explanation on the types of taxes, use of funds collected from tax payments and opportunities for impact of taxes, and issues recommendations for tax payers on the ways to pay taxes. The main goal of the animation is to keep the population informed on involvement of citizens in taxation and the funds collected and raise their related awareness.
Link to animation: https://bizimpullar.az/video-127
To note, the Central Bank regularly enriches the content of the Financial Literacy portal, which allows to familiarize oneself with informative materials on economy and finance, explanatory animations on banking services and central banking, a virtual museum and a section for pupils, as well as use games with economic content and calculators.