JAKARTA - The Financial Services Authority (OJK) considers that formal education plays a central role in building people's financial capacity from an early age through strengthening knowledge, practical skills, and their application in real life.
The Chief Executive of the OJK's Financial Services, Education, and Consumer Protection Conduct Supervisory Board, Dicky Kartikoyono, said that by integrating financial literacy into the formal education system and curriculum, Indonesia is building a strong foundation so that every individual is able to make wise financial decisions throughout their lives.
"This effort requires continued collaboration between regulators, educators, industry, and the community," Dicky said in his statement, quoted by Antara, Saturday, April 18.
OJK also considers that financial education needs to go beyond the classroom, including through digital platforms, national campaigns, and the involvement of various stakeholders in building a strong and inclusive financial literacy ecosystem.
The regulator also continues to encourage the strengthening of financial literacy for the younger generation through financial education in the formal education system to form a society that has financial awareness and resilience from an early age.
"Financial literacy must be able to be realized as financial health. This is not only related to knowledge, but also resilience, the ability to make the right decisions, and long-term financial well-being, especially for young people," said Dicky.
On Friday, OJK together with the Organisation for Economic Co-operation and Development International Network on Financial Education (OECD/INFE) held an international webinar as part of the 2026 Global Money Week commemoration.
Chair of the OECD International Network on Financial Education Magda Bianco said that financial education and literacy are an important capital for the community to take advantage of opportunities while minimizing risks in financial management.
"Easy access to information, the presence of various new investment instruments, and the prevalence of investment information from sources that are not always credible are both opportunities and risks. Therefore, financial competence needs to be built early," said Magda.
According to him, one of the main reasons why financial competence needs to be taught from school age is that knowledge obtained early will be easier to embed and master until adulthood.
In addition, early learning can help reduce the gap due to differences in socio-economic backgrounds, so that every student has a more equal opportunity in facing the future.
Magda also emphasized that various empirical evidence shows that financial competence can increase individual resilience in the face of shocks.
The shocks in question include the risk of fraud, helping to manage debt wisely, avoiding excessive debt, and encouraging more rational investment decisions through an understanding of risk and returns.
Overall, the increase in financial literacy is seen not only as supporting individual well-being, but also contributing to the stability of the financial system, the effectiveness of monetary policy, and the reduction of social gaps.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
