1,600 households to be surveyed for financial literacy

February 26, 2015

The think tank Centre for Strategic and Policy Studies (CSPS) will start visiting 1,600 homes today for its National Financial Literacy Survey 2015.

The study, a joint project between Autoriti Monetari Brunei Darussalam (AMBD) and CSPS, will measure the level of literacy and capability of Brunei residents in understanding financial issues in the sultanate.

In a press statement from CSPS, the financial literacy survey will develop policy recommendations to promote financial literacy designed to address the needs of the Brunei population.

Respondents, who will be randomly selected, can expect questions on their household budget, understanding of general financial products, financial management and financial inclusion. Information collected from the survey would then be used by CSPS to formulate strategic policy recommendations.

More than 80 data collectors consisting of graduates from Universiti Brunei Darussalam, Institut Teknologi Brunei, Universiti Sultan Sharif Ali (UNISSA) and from United Kingdom universities were selected to conduct the survey yesterday.

Prior to that, the selected survey interviewers had to undergo a two-day training that ended at the CSPS headquarters on Jalan Gadong yesterday.

The event saw the interviewers assigned to several groups based on their chosen districts to sharpen their communication and interviewing skills.

During the training, the interviewers were also taught several techniques on how to conduct a proper interview.

The training concluded with the handing over of questionnaires and letter of notification that would be shown to the respondents during the two-week survey.

CSPS said the number of houses are based on the population density in each district.

The public are encouraged to participate in the survey by cooperating with the interviewers. All answers are confidential and personal details such as name or IC number would not be required, the think tank said.