KUALA LUMPUR: The National Strategy for Financial Literacy 2026-2030 (NS2.0) has been designed with a broader vision and stronger commitment, anchored on three complementary priorities: inclusion, digitalisation, and monitoring.
Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour said inclusion ensures that every segment of society, regardless of age, income, or location, benefits; while digitalisation opens the way for financial education that is more accessible, interactive, and cost-effective.
"Meanwhile, monitoring through clear indicators or performance measures will ensure that all parties move in tandem and that outcomes can be measured transparently.
"With the balance of these three pillars, we are confident this new strategy can trigger a major shift in the nation’s financial literacy level,” he said in his keynote address at the launch of NS2.0 and Financial Literacy Month 2025 here today.
Also present were Prime Minister Datuk Seri Anwar Ibrahim, Education Minister Fadhlina Sidek, and Securities Commission Malaysia chairman Datuk Mohammad Faiz Azmi.
Abdul Rasheed added that NS2.0 highlights Malaysia’s strength in Islamic finance, which includes shariah principles that emphasise fairness, transparency, and accountability.
These enrich the financial literacy approach while offering ethical choices aligned with universal values, said Abdul Rasheed, adding that financial literacy is a whole-of-nation effort and this responsibility cannot be shouldered by a single party alone.
Therefore, to strengthen coordination, the Financial Education Network (FEN) is in the process of establishing a National Coordination Office, which will begin operations in January 2026 with BNM as the host.
"This office will house representatives from BNM, the Securities Commission Malaysia, the Employees Provident Fund, and the Credit Counselling and Debt Management Agency. With this structure, collective efforts can be mobilised in a more organised and impactful way,” he added.
In a separate statement, BNM said NS2.0 sets out five strategic focus areas aimed at helping Malaysians manage their finances better at different stages of life.
Carrying the theme, Building a Strong Financial Future, NS2.0 includes several key initiatives, such as stronger collaboration with industries, communities, and grassroots groups to broaden FEN’s reach.
In addition, greater support will be provided for vulnerable households and communities with limited access to financial services, including customised advisory services to suit their needs.
To ensure accountability, BNM said NS2.0 is equipped with a robust monitoring and evaluation framework, complete with measurable targets and clear key performance indicators (KPIs).
The central bank said this will ensure implementation that is transparent, evidence-based, and able to remain responsive to the evolving needs of Malaysians. - Bernama
