"This is a major milestone in improving New Zealander's financial knowledge," Retirement Commissioner Diana Crossan says.
"It is recognition that being skilled in personal finance is essential for people to reach their full potential," she said.
"A basic level of financial skill is essential for people to make informed judgements and take effective decisions regarding the use and management of money," Crossan said.
"It is critical that all New Zealanders are able to make informed decisions and judgements on saving, borrowing, investing and managing their money throughout their lives.
However, the current level of financial knowledge in New Zealand is nowhere near as good as it should be," Lianne Dalziel said.
The curriculum has been developed over a number of years and schools will be supported to implement the new curriculum over a three year period from 2007 to 2010.
The Retirement Commission is one of a few groups that has been working with the Ministry of Education since 2004 to embed personal financial education into the national curriculum.
On Friday it will launch the draft national strategy for financial literacy which will act as a blueprint for future activity to help improve New Zealanders' financial knowledge.
The public will get their chance to comment on future priorities for financial literacy activities once the draft strategy is released.
Also on the financial literacy front yesterday the Securities Commission launched a new website designed to help investors understand the risks and rewards of investing.
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