Central bank of UAE, presidential affairs, NMC hold workshop on financial awareness

Central Bank of UAE, held a workshop today on the financial awareness at its head office in cooperation with the Ministry of Presidential Affairs and National Media Council (NMC).The workshop was opened by Ibrahim Al Abed, Director General of NMC in the presence of Khalifa Al Rumaithi, Under Secretary of the Ministry of Presidential for Financial Affairs, Mohammed Zein Al Bastaki, Under Secretary of the Ministry of Presidential Affairs for Social Affairs and Nariman Abdullah Kamber, Director of Consumption Protection Unit at the Central Bank of UAE.Al Abed said, "The workshop translates the directives of H.H. Sheikh Mansour bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Presidential Affairs at the Government Summit, during which he stressed the importance of media to spread awareness about the risks of borrowing nationwide."He reiterated the role of media in spreading the financial awareness in the community, commending huge response of the media to the workshop in terms of reaction and attendance."All are aware about the role of media in spreading the financial awareness. We do not issue decisions and instructions to the media in this respect, as they are already aware of their role. We appreciate the media's performance regarding the financial awareness in the community."Kamber presented a demonstration on the financial awareness campaign, which will be launched by the Central Bank of UAE. The demonstration tackled the role of the Bank in protection of the consumer.She added that the role of the Bank includes receiving complaints and how best to settle them, development of systems on protection of consumers and increasing financial awareness among individuals in the community.Kamber said the awareness campaign will focus on loans, functions of the Bank, banking services, saving, shopping, consumers rights, safe investment and other related issues.Salah Al Halyan, financial consultant presented a demonstration on the importance of financial awareness being followed by many countries worldwide to regulate consumption, saving and financial management.