One of directions, implemented within the project, is to raise financial knowledge of school students. Central Bank said that school No. 60 in Tashkent city hosted one of such events.

In his speed at the session of Government on 18 January 2013 dedicated to social-economic development of Uzbekistan for 2012 and priority direction of economic programme for 2013, Uzbek President Islam Karimov said that level of population income rose by 17.5% in 2012, while average salary exceeded the cost of consumer basket over four times.

Islam Karimov said that the growth of banking deposits made up 34.6% in 2012. He added that the volume of deposits grew over 40 times in last ten years. In 2012, share of population funds in total investments made up over 20%.

The Central Bank said that Uzbekistan plans to increase the volume of deposits of population and business entities by 2.5 times by 2015.

The regulator said that improving financial literacy of population will be one of solutions in this direction. Within the project, German side developed action plan directed at improving financial literacy and saving culture of population.

Foreign experts noted that it is necessary to raise financial knowledge from schools and youth should get information on the area.

Matthias Foss, director of department of Germany's Savings Bank Foundation for International Corporation, said recently the sides launched new model of partnership cooperation with Uzbekistan. The fund in cooperation with Central Bank developed strategy for mobilization of population savings in national currency. Half of Uzbekistan’s population is youth. He said that the sides used German experience as financial education starts in kindergartens. The project is aimed at improving financial literacy of youth and increasing savings in national currency.

During the meeting in Tashkent school, teachers, students and bankers discussed importance of savings as internal source of investments, which ensure stable economic growth of the country and serve for well-being of population.

In particular, students, as perspective clients, received information on advantages of storing money at banks, main financial terms, functions and tasks of money. People’s Bank specialists presented deposit products for students.

The participants were also briefed about legislation on deposits in Uzbekistan. It was noted that safety of deposits is guaranteed by the government.

German experts shared their experience in the area. The sides discussed improving efficiency of deposit activities of the bank, raising professional skills of bank employees, etc.