It is indispensable that households with minimum income to access and benefit the basic banking products, such as current accounts. The Bank of Albania, through legal and institutional changes has provided the possibility that households benefit these basic financial products at a low or no cost at all. As a result, cheaper and swifter alternatives, which compete with the existing financial products, will be available. At the same time, companies that will enter into these new markets will have better possibilities of profit. Education is the sole costs to know and benefit from these products. In this regard, the Bank of Albania remains the main actor for the spread and implementation of the national financial education and inclusion strategies. In this framework, the Bank of Albania is working with national and international important partners, the World Bank and EBRD. Their long experience shows that the correction and reduction of social and economic disparities is a difficult commitment, which takes time. Nevertheless, enhancing financial literacy, by spreading knowledges such are: budget drafting; its effective management; knowing risks and avoiding wrong investments; may affect the mitigation of wounds that these turbulences brings into the life of poor people, and of course to everyone; to the whole society and population and the financial situation that the moment brings about. Turning back to the launching of the Global Money Week 2022, I am glad to see the ever increasing interest of youths, their teachers and professors in our educational activities.
It means that: an increase in the number of users of safer financial products and services and at low cost drives to an increased access in financial sources, and consequently the growth of possibilities, income, and the quality of life. Formal markets are the sole possibility that public and economic agents directly benefit and in real time from the policies undertaken by governments and central bank. The effects of these policies are materialised in the financial instruments and products of formal market. The successful measures taken by both the Bank of Albania and the Government throughout the 2/3  BIS central bankers' speeches  pandemic situation are a recent example of benefits from participation in formal markets. Also, the increase of formalisation and financial inclusion makes it easier and more efficient the effort of the Government to implement the helping policies over the crisis. Third, I would like to draw attention on social inequality and the effect that the current situation has on its deepening. The crisis, particularly pandemics and wars, mostly and more rapidly affect the population in need, which are at the same time, the part of population with the lowest level of both financial education and inclusion. For these reasons, the Bank of Albania has turned the financial literacy and inclusion in one of the important objectives of its mandate. We are proactive in developing the market and infrastructure of financial products, as well as in enhancing knowledges on these products and the overall financial literacy.