Monetary Union: the European dimension With the introduction of the euro, the economic weight of the single market has risen to a level matching that of the USA. And the single currency has gained an important international dimension: The euro segment of the global money market has risen to about 25%.
Financial Literacy has been given a great push by the RBI to help the poor people, better manage their finances and protect them against exploitation. RBI has advised banks to organise literacy camp. Usage of Credit Bureau also helps to build credit histories and it affects how they are evaluated for credit.