of your money ”. this theme highlights the crucial importance of knowledge in an evolving digitalised and innovative market, which enable people to avoid physical contact while using the financial and banking products, hence providing for a better protection of public health. in this view, the bank of albania, as the supervisory and promoter institution of the albanian banking system, in addition to the immediate response to the difficulties created by covid - 19, through a complete package of monetary, supervisory, macro - prudential and operational measures, finds also important the drafting and organisation of educational initiatives, like global money week. through these educational and awareness - raising activities, we aim at approaching the young generation to the complicated world of finance and banking ; to introduce and pass through knowledge on possibilities ; the risks that both financial and banking products have ; as well as introduce the young public to the necessary information on borrowing and savings. this communication and awareness of young people, in turn help both financial and banking markets become more resilient, comprehensive and efficient. 1 / 2 bis central bankers'speeches the bank of albania, has not limited its educational activities only with the global money week. financial literacy of public is an important part of our daily work. thus, through virtual educational tools available at our webpage, students and teachers may learn throughout the year on financial issues, by watching videos and reading the literature dedicated to both the pre - university education and students. our webpage contains simplified information on themes of everyday life, as : the opening of a bank account ; personal budget management, drafting a saving plan ; applying for a bank credit, etc. in addition, for those who opt for deeper information and knowledge, our website provides didactic tools to better understand aspects of economy and finance which affect the life of all citizens, like : what is economic growth ; labour market, circulating flow, how do financial crises spread ; what is competition, etc. also, the elective module “ personal finance in your hands ", from some years now integrated in the high school teaching curricula, introduces to students the world of personal finance, informs and shape their needed skill to manage money in a more profitable way. this textbook is supplied and allocated for free to all high schools which elect to study it. it is accompanied with a guideline to teachers of economy subject. a similar approach has been adopted for younger children. hence, the teaching package tailored for the financial education of pupils in class i, ii and iii of secondary schools, addresses

new policy anchor? as the fixed exchange rate was abandoned after the crisis, it was then necessary to have a new nominal anchor. at first the bank of thailand used monetary aggregates as its policy target under the imf program. the bank targeted domestic money supply in order to ensure macroeconomic consistency in order to obtain price stability. however, as in many countries in recent years, using money supply as a target did not work well with the thai economy as the relationship between monetary aggregates and output became increasingly unstable. this was due to changes in people's spending behavior and the popularity of new money - related innovations, such as credit cards and electronic cash cards. after studies and experimental implementation, the bank of thailand formally adopted the inflation - targeting regime starting from may 2000. the new nominal anchor allows the bank of thailand to set an explicit target of core inflation in order to stabilize price condition. since its adoption, a target of core inflation had been set at a range of 0 - 3. 5 percent and remains so. in addition, we have adopted 14 - day repurchase rate as the policy instrument as well as employed macro econometric model to conduct the forecast. permit me to elaborate on some of the above mentioned issues with regard to the implementation of inflation targeting framework. the appropriate price index used was consumer price index ( cpi ) which should be excluding some items that cannot be influenced by monetary policy while still able to retain sufficient price information. hence we used the core inflation which excludes volatile items of raw food and oil prices. this core inflation has less variation but from historical data, on average, it had been close to the headline inflation in the long run. we can say that targeting the core inflation is effectively the control of long - run inflation such that monetary policy does not have to accommodate supply shocks. in light of this, the target range of 0 - 3. 5 percent was set based on thailand and our major trading partners'history of inflation. as for the choice of policy rate, the 14 - day repurchase rate was selected as the key instrument. with this instrument, the bank of thailand is able to manage the appropriate level of liquidity in the market. the advantage of 14 - day repurchase rate over other rates of longer maturities is that the trading volume is much higher and thus provides effective policy signaling to the market. it also has advantage over the rate of shorter maturities, such as 1 - day or 7 - day, in that it