The Central Bank of Cyprus has launched a new section on its website titled "Statistics Explained," designed to promote statistical literacy among the public. This initiative aims to make key statistical terms related to financial and monetary statistics more accessible and understandable for a wider audience.
The creation of this section is part of the bank's efforts to enhance public understanding of economic data and includes a glossary of essential economic terms explained in simple language. The project was developed in collaboration with the European Central Bank, reflecting a commitment to improving financial literacy across the community.
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