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Saudi Arabia develops early financial skills
Saudi Central Bank Governor Ayman Seyari emphasized that Saudi Arabia Places great importance on strengthening individuals' financial capabilities from an early age through educational tools and awareness activities tailored to the beneficiary age groups, especially children aged 8 to 12. He stated that these efforts aim to empower individuals to make better financial decisions, recognize increasingly sophisticated scams, and tackle them through effective coordination between financial institutions, the telecommunications sector, and digital platforms. This approach seeks to enhance early detection and combat fraud, including money laundering and terrorism financing. He also noted that the Saudi economy is experiencing stability in inflation rates (averaging 1.8% in the first seven months of 2026), with continued growth in non-oil activities, and unemployment has decreased to a historic low of 3.1%. Despite external challenges such as geopolitical tensions and rising shipping and insurance costs—which may lead to short-term inflationary pressures—overall inflation remains under control.
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