Central Bank Governor: Women's financial literacy at 14%

Only 14% of women in Cyprus meet the minimum level of financial literacy compared to 20% of men, according to Central Bank Governor Christodoulos Patsalides. Speaking at a financial literacy initiative in Nicosia, experts highlighted that despite high education levels, structural barriers such as social stereotypes, family care responsibilities, and income inequality continue to hinder women's financial autonomy. Efforts are now focused on educational programs to bridge this gap, enhance financial confidence, and empower women in decision-making roles.