Last Updated on Thursday, 9 February, 2023 at 3:31 pm by Andre Camilleri
“Intoday’s world one needs to understand better the economic and financial issues that influence one’s life.” This was stated by Central Bank of Malta Governor, Professor Edward Scicluna, when addressing a group of lecturers from the Institute of Business Management & Commerce of the Malta College of Arts, Science & Technology (MCAST) at Binja Laparelli on Friday, 3 February 2023.
In his address, the Governor said that the rapid advances in technologies together with the series of crises buffeting citizens in recent years have led to a significant transformation of the economic landscape in unimaginable ways. In such a fast-changing and complex world, economic and financial literacy is becoming increasingly important especially for the upcoming generation to enable them to participate efficiently in today’s society.
The Governor’s remarks were preceded by three presentations by senior Bank officials from the various business areas of the Bank. An overview of the work of the Bank’s Economic Division was delivered by Dr Brian Micallef, while the role of the Bank in the Eurosystem and International Relations was presented by Mr John Caruana. A third presentation was given by Mr Alan Cassar on the financial stability mandate of the Bank.
Following the seminar, the MCAST group visited the Bank’s Currency Museum where the lecturers were given an overview of Malta’s currency history by the Bank’s curator, Mr Kevin Cassar.