ECONOMY
VISA launches economic football project in Azerbaijan
Baku, September 21 (AZERTAC). The Ministry of Taxes, the Central Bank of Azerbaijan and payment system Visa Inc have presented in Baku the joint project - intellectual computer game "Economic football".
Economic Football is a part of Visa’s global initiative to increase financial literacy among the young and the general population. This dynamic and exciting game introduces financial literacy and teaches responsible and conscious budgeting and explains why taxes need to be paid and how to do this correctly.
Economic Football combines the world’s most popular sport, football, with Visa’s high-end technologies in the sphere of financial literacy. The game makes it possible to determine a player’s knowledge level in the sphere of money management as they move forward to score a goal. Players answer questions, choosing the correct response from several options and can compete with any global football teams on the virtual FIFA World Championship field. Thanks to Visa’s partnership with FIFA, this game has gained popularity around the world in just a few years and been rolled out in more than 30 countries, including neighboring Russia, Ukraine and Belarus.
CBA Development Department’s deputy director Natavan Mammadov says that it is not an accident that "Economic football" was presented precisely right now, on the eve of the U 17 World Championship in Baku. The game is presented to increase public awareness about the proper disposal of financial assets to serve further to ensure the financial stability of the country as a whole.
In turn, Elchin Mammadov, director of Taxpayer Services Department of the Ministry of Taxes of Azerbaijan, said that the Department pays special attention to issues of the awareness of children and young people about taxes, as it is a guarantee that they will be diligent taxpayers in the future.
"Game "Economic football", which is also designed for this category of the population, is a method of population’s awareness on taxes," Mammadov says.
Economic Football features three difficulty levels - geared to teens, high school students and adults. Questions and topics include budgeting, taxation and the wise use of credit and other bank services. The game also offers an option for self-tuition. Having studied 4 educational modules, players can learn the basics of saving and budgeting, why they need to pay taxes, what it means to be a creditworthy borrower and how to choose a payment card. Each module contains tests and exercises to check players’ knowledge. Economic Football is available in Azerbaijan on DVDs. Soon it will be launched in Azerbaijani and Russian language versions online.