Ilmars Rimsevics, the vice-president of the Bank of Latvia, said that educational investment for the future is the most important matter for Latvia's development.
"We are very pleased that the Bank of Latvia has invested money in the multi-media for the development of future economists," said Rimsevics.
The bank invested 10,000 lats ($16,900) in the production and distribution of the CD ROM and has sent the disk to 320 schools in Latvia.
The principal of the Riga's School of Economy, Maris Slokenbergs, said that the educational computer program is a bonus for the education and the development of students' knowledge of how Latvia's Bank and financial institutions operate.
"The only negative thing about the CD is teachers are afraid they will not be needed in the future," said Slonkenbergs. "We are very thankful for the help and realize that the CD is an essential tool for the education of students."
The CD ROM has been made and distributed by R&I Demo to all schools in Latvia and can operate with and without a sound card. Latvian high schools all have computers and have the capability to access the program. The Bank of Latvia hopes that students will understand the infrastructure of the Latvian central banking system and how it operates.
The CD is narrated by a banker by the name of Gints. When the CD ROM is started, Gints explains, there are a wide variety of ways to access information on how financial institutions operate and explains how to follow his guidance in choosing a part of the program you desire. The choice is up to the program user and the program consists of a games room, lecture hall, previous Bank of Latvia video presentations, explanation of financial terminology and career information. The resolution is of a high quality and is a product that the Bank of Latvia is very proud to distribute to education departments.
The only complaint about the CD ROM is that you cannot ask the program questions yourself.
One of the best students from Riga's School of Economy explained at the presentation that the CD program is a very useful tool for education but that the need for teachers and their knowledge is of more importance. The tables, graphics and games are very informative but students want answers to questions that they do not understand.
Rimsevics and the CD ROM maker told the audience at the presentation that the disc is of significant importance to students who want to know and understand how the central banking system operates. The disc is available to approximately 28,500 students, and the CD ROM program is a learning aid for teachers to educate students about financial matters.
The Bank of Latvia wants to keep up with the times of multi-media development and wants to not only educate students about the central banking system but also the functions of financial institutions in society. The CD ROM is also of importance to students in selecting a career in the financial sector. Students can access information on specific career options and can gain educated descriptions of what that career choice would involve and how to go about getting the job
On the whole the CD ROM is an educated explanation of how the Bank of Latvia and financial institutions work and how people, not only students, can access an interesting and fun way to learn about financial operations.
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