In a survey of financial literacy in 30 OECD countries, Ukraine ties with Poland for last place

In a survey of financial literacy in 30 OECD countries, Ukraine ties with Poland for last place. The Financial Literacy Index measures knowledge of basic financial knowledge terms, such as inflation and interest, attitudes, and behavior — financial planning and saving. Compared to the 30 country average of 13.2, Ukraine scores 11.6. The leaders are: France – 14.9; and Norway and Canada — 14.6. USAID paid for the survey of 2,007 adults last December. In Ukraine, the level of confidence in banks is low. Only 12% of citizens keep savings in deposit accounts. The National Bank of Ukraine will hold a forum next Wednesday on how to get more Ukrainians to take a more active role in the economy.