2023 Montenegro Global Money Week
GMW NATIONAL COORDINATOR:
Central Bank of Montenegro
PARTICIPATING ORGANISATIONS:
- 2 educational units of the preschool institution “Ljubica Popović3 High schools- Secondary School of Economics “Mirko Vešović” - Mixed Secondary School Andrijevica- Maritime Secondary School Kotor 4 elementary schools: "Ivo Visin” Prčanj, “Njegoš” Kotor, “Stefan Mitrov Ljubiša” Budva, “Džafer Nikočević” Gusinje, and “Petar Dedović” Murino 1 Faculty of Economics and Business of the “Mediterranean” University in Podgorica,4 TV stations: Gradska TVTV Crne GorePrva TVNova M KAPITAL 6 traditional and online media- Vijesti, Pobjeda, Dan ,Portals: banker, Investitor, CDM
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 20
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 350
NUMBER OF ADULTS REACHED DIRECTLY:
- 2,500
NUMBER OF PEOPLE REACHED INDIRECTLY:
- NA
Throughout Global Money Week 2023, the Central Bank of Montenegro (CBM) along with partners reached around 3000 children and youth through several educational activities such as workshops, lectures, special broadcasts and author's blogs. Traditionally, the Governor of the CBM opened the campaign with a lecture for the pupils of the secondary school of economics “Mirko Vešović” on the CBM's role as a supervisor. With third-grade pupils and their teachers, the Governor discussed current topics related to inflation, the impact of monetary policy on the country’s economic conditions, public debt sustainability, cashless payments, etc.During GMW 2023, financial literacy awareness sessions were offered to children of the preschool institutions where creative workshops were organised on money issues. In cooperation with the Television of Montenegro (TVCG), special broadcast on money topic was prepared in the show “Pustite đecu (Let the Children)”. For younger children in elementary schools and young people in high schools, lectures were organised on topics such as history of money, savings, creating a personal budget and various financial products. The Central Bank of Montenegro also organised a forum at the Faculty of Economics and Business of the “Mediterranean” University in Podgorica on the topic “The Role and Competencies of the Central Bank of Montenegro.”Throughout the week, the following authors’ blogs were published on the CBCG website and social networks: “Managing Personal Finance and the Entire Society’s Prosperity” and “Green Financing – a step towards the society and the planet’s welfare.” The blog on managing personal finances analysed the connection between individual decisions on consumption, savings and investments in society. The latter blog points out the necessity of the so-called green financing and discussed how banks and other financial institutions can follow green i.e. ecological principles.
2022 Montenegro Global Money Week
GMW NATIONAL COORDINATOR:
- Central Bank of Montenegro
PARTICIPATING ORGANISATIONS:
- Schools, universities, media organisations
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 45
TOTAL NUMBER OF ORGANISATIONS PARTICIPATING IN GMW FOR THE FIRST TIME:
- 12
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 21,000
NUMBER OF ADULTS REACHED DIRECTLY:
- 2,500
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 55,000
The Central Bank of Montenegro (CBCG) celebrated the jubilee 10th Global Money Week with a series of educational activities to strengthen financial literacy and economic knowledge and skills among children and youth.
The CBCG Governor opened this year’s campaign in Montenegro with a visit to the High School of Economics “Mirko Vešović”. He talked with students about the importance of financial literacy and developing young people’s competencies in personal finance management. Discussions covered various economic and financial topics, including modern trends in banking such as mobile and internet payments.
Activities continued with workshops on the history of money, savings, accounts, online shopping and similar concepts. The workshops were designed for higher-grade students in elementary schools “Kekec” in Sutomore, “Jugoslavija” in Bar,“Božidar Vuković - Podgoričanin” and “Marko Miljanov” in Podgorica, and “Bratstvo – Jedinstvo” and “25. Maj” in Rožaje.
Presentations with particular emphasis on electronic banking and payment services were organised for students of the Secondary School of Economics and Catering in Bar, the Secondary Vocational School “Ivan Uskoković” in Podgorica, and the Gymnasium “30 September” in Rožaje.
In cooperation with the Montenegrin universities, the CBCG conducted the project “Students ask, the CBCG answers” where students asked questions to the CBCG via e-mail, and CBCG representatives from various departments answered questions in the form of video messages posted on the CBCG social media accounts. Students from different faculties have shown interest in the world of finance through numerous issues, starting from the role of the CBCG in exercising the rights of financial services users to cryptocurrency trading.
During the Global Money Week, the CBCG also published authors’ blogs on interest rates, finances, and inflation on its website and social media accounts aiming to spread knowledge about financial terms we hear every day.
A mini glossary of financial terms was printed in the form of a flyer and distributed to students during the school visits.
Finally, the CBCG financially supported the first national competition of student companies in Montenegro which gave schools in Montenegro the opportunity to become a part of the global network Junior Achievement Worldwide.
2021 Montenegro Global Money Week
GMW NATIONAL COORDINATOR:
- Central Bank of Montenegro
PARTICIPATING ORGANISATIONS:
- All primary and secondary schools in Montenegro - total 224 schools
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 230
NUMBER OF CHILDREN REACHED DIRECTLY:
- 100,000
NUMBER OF ADULTS REACHED DIRECTLY:
- 50,000
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 150,000
The Central Bank of Montenegro celebrated the Global Money Week, from 22 to 28 March 2021, for the ninth time, with numerous activities aimed at raising the levels of financial literacy of children and youth in the country. Given the ongoing COVID-19 pandemic, the Central Bank focused on online activities. In line with this year's global theme “Take care of yourself, take care of your money”, the Central Bank prepared and delivered to pupils of all primary and secondary schools in Montenegro video material on the use of electronic banking services and payment cards, which can help you stay healthy and save money. However, since a large part of society still uses cash payments, the students also received a video presentation on recognizing counterfeit money.
As part of the “Global Money Week”, the Governor of the Central Bank of Montenegro (CBCG), Mr Radoje Žugić, held a lecture on “The importance of the banking system’s sustainability during the pandemic” for pupils of three Montenegrin high schools. The online lecture attendees were the pupils of the Secondary School of Economics “Mirko Vešović” from Podgorica, the Secondary Vocational School from Pljevlja, and the Secondary Mixed School “Bratstvo jedinstvo” from Ulcinj.
GMW events were covered by major national press channels, media and TV, such as Radio and Television of Montenegro (RTCG), Nova M, TV Vijesti and TV Prva. Interesting and comprehensive TV reports on GMW were broadcasted during the Week. In addition, in cooperation with the National Radio Television of Montenegro, the Central Bank’s representatives had several interviews in the morning programmes explaining the importance of financial education for children and youth.
On March 23rd 2021, the Central Bank of Montenegro issued a press release on Global Money week activities and the importance of acquiring knowledge and skills in money management.
2019 Montenegro Global Money Week
LEADING ORGANISATIONS:
- Central Bank of Montenegro
PARTICIPATING ORGANISATIONS:
- 8 Media Organisations, Educational Center Pluzine, Elementary school "Bosko Buha", Pljevlja, Elementary school “Mirko Srzentic”, Budva, Elementary school “Savo Pejanović”, Podgorica, Elementary school “Stefan Mitrov Ljubiša”, Budva, Grammar school Cetinje, High school "Sergej Stanić", Podgorica, High school "Tanasije Pejatović", Pljevlja, High school “ Mirko Vešović", Podgorica, High vocational school Cetinje, Kindergarden "Zagorka Ivanović", Cetinje, Kindergarten Đina Vrbica - Podgorica, Money museum – Cetinje
NUMBER OF CHILDREN REACHED DIRECTLY:
- 375
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 3 000
Central Bank of Montenegro
In Montenegro, Global Money Week was launched by the Central Bank, hosted by the Vice Governor. During the event specialists from statistical Department and Vault gave lectures about financial challenges and presentation on counterfeit money. Many activities were organised in the Money Museums, where high school students could attend a presentation on counterfeit money and tour the museum, while children from kindergarten could design their own money. Throughout the Week, numerous lectures and workshops were organised on the topics of money, savings and entrepreneurship, all aimed at developing and strengthening the financial culture of children and youth. All GMW events were covered by national press, media and tv. Representatives on the Central Bank held several interviews to promote GMW, and children from kindergartens were also interviewed. In order to promote the events, the Central Bank published promotional materials with information about GMW, including brochures and T-shirts with the GMW and Central Bank logo on them.
2018 Montenegro Global Money Week
LEADING ORGANISATIONS:
- Central Bank of Montenegro
- Montenegro Stock Exchange
PARTICIPATING ORGANISATIONS:
- Budva Radio Station, Cetinje Money Museum, Faculty of Economics, University of Montenegro, Ministry of Education, Mirko Vesovic Secondary School of Economics, Prva TV Station, RTCG TV Station, Slobodan Skerovic Gymnasium, Tehnopolis Innovation and Entrepreneurship Center, TVNK TV Station, Vijesti TV Station, 12 schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 580
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 6 080
Central Bank of Montenegro
Throughout Global Money Week 2018, numerous activities were offered to children and youth in kindergarten, elementary schools, highs schools and universities in different parts of the country. All activities were aimed at raising the level of financial literacy in the country. The Governor of the Central Bank of Montenegro opened the week in the Bank building.
Montenegro Stock Exchange
During Global Money Week, Montenegro Stock Exchange visited Slobodan Skerovic Gymnasium and Mirko Vesovic Secondary School of Economics. After a welcome speech from the CEO of Montenegro Stock Exchange, the employees of the Montenegro Stock Exchange held a lecture on the capital market and its importance for Montenegro’s financial system. High school students had the opportunity to get acquainted with theoretical and practical knowledge about the capital market, the Stock Exchange, its creation and influential role. The Stock Exchange actively participates in financial education and strengthening financial literacy, via the implementation of educational and socially responsible activities.
2017 Montenegro Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- Elementary, high schools, kindergardens all over the country
- Resource Center for hearing and speech in Kotor
- Money museum – Cetinje
- Media, TV stations: RTCG, TV Vijesti, Atlas TV, PRVA TV i PINK M and Radio of Montenegro.
NUMBER OF CHILDREN REACHED DIRECTLY:
- 600
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 20 000
Montenegro celebrated the Global Money Week for the fifth time with numerous activities aimed at raising the levels of financial literacy in the country. On 27 March, the GMW started with a traditional Open Day at the Central Bank of Montenegro. Following a welcome note from the Governor of the Central Bank of Montenegro, the specialist from the Bank Supervision and Vault gave a 45-minute introduction each about financial products and actual economic and financial challenges as well as a presentation on counterfeit money. Each speaker also gave enough time for discussion on different themes related to financial issues, explaining the mission of the Central Bank, the financial system, currency and personal finance. At the end of the Open Day, each student received special gifts as a courtesy of the Central Bank of Montenegro including traditional GMW t-shirts that were also given to other participants during the events of the Week.
Each day of the Week was devoted to a different target audience. On the second day, elementary school children had an opportunity to visit the Central Bank of Montenegro and listen to a presentation on “Introduction to the world of money”. On the third day of celebration, most of the activities took place in the Money Museum in Cetinje. High school and elementary school students from Cetinje attended the presentation on the history of money and took a tour of the museum.
On the fourth day, two different teams from Central Bank visited different areas of the country – the coastal area and northern part of Montenegro providing students from different towns with an opportunity to enjoy presentations and workshops. At the same time, the other team of the Central Bank visited elementary schools in the northern part of the country - Niksic and Danilovgrad. The representatives of the Central Bank gave the workshop ‘’Introduction to the world of money’’ and held discussions on the importance of earning and saving money.
Further, the activities during the Global Money Week also included children from kindergartens. The representatives of the Central Bank also visited kindergartens. They played with children different games related to budget, imaginary banknotes and coins.
Global Money Week events and celebrations were extensively covered by major national press channels, media and TV. A lot of the media were also active participants in the celebrations, so they made interesting and comprehensive TV reports that were broadcasted during the week on different TV stations. In addition, in cooperation with the National Radio Television of Montenegro, the Central Bank representative had several interviews in the morning programme explaining the importance of financial education for children and youth.
2016 Montenegro Global Money Week
LEADING ORGANISATION:
PARTICIPATING ORGANISATIONS:
- Elementary School ‘’Vuk Karadžić’’ Berane
- Elementary School ‘’Marko Miljanov’’ Bijelo Polje
- Elementary school ‘’Stefan Mitrov Ljubiša’’ Budva
- Elementary School ‘’Blažo Jokov Orlandić’’ Bar
- High school ‘’Sergije Stanić’’ Podgorica
- Public preschool ‘’Đina Vrbica’’ Podgorica
- Day Center for children with disabilities in Nikšić
- Economic School ‘’Mirko Vešović’’ Podgorica
- High school ‘’Panto Mališić’’ Berane
- High school ‘’Miloje Dobrašinović’’ Bijelo Polje
- High school ‘’Miloje Dobrašinović’’ Bijelo Polje
- High school ‘’Danilo Kiš’’ Budva
- Economic school ‘’Mirko Vešović’’ Podgorica
DATE OF THE EVENT:
- 14th - 20th of March
TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:
- 11 000
TOTAL INDIRECT REACHED:
- 60 000
Montenegro celebrated Global Money Week for the fourth time with numerous activities aimed at raising the levels of financial literacy in the country. On 14 March, GMW began with a traditional “Open Day” at the Central Bank of Montenegro. Following a welcome note given by the Governor of the Central Bank of Montenegro, the Specialist from Financial Stability, Payment Systems and Treasury office gave a 45 minute intro each about their current positions and about actual economic and financial challenges. Each speaker also allotted time for questions and doubts from the students regarding different themes related to financial issues, explaining the mission of the Central Bank, inflation, payment systems, the financial system, currency and personal finance. At the end of the Open Day, each student was given special gifts courtesy of Central bank of Montenegro, including GMW t-shirts.
On 15 March, GMW in Montenegro was devoted to the youngest participants. Pre-school children had the opportunity to enjoy talks and presentations focused on the overall theme of GMW - saving. Children played various budget games, had fun with imaginary banknotes and coins, made drawings and acted like they were in the bank. All of the children participated in a quiz that included assembling puzzles of euro banknotes and first winners, followed by the others, were given piggy banks for savings as awards.
On 16 March, economic high school students attended a presentation on banking products and services. Students and their teachers highly appreciated the opportunity that extended to them and expressed the hope that such activities become more frequent events and with a larger outreach in the future.
On 17 March, four different teams traveled to two different sides of the country – to the north and to the south - and the children from different towns in Montenegro had the opportunity to enjoy presentations and workshops. For young children, representatives of the Central Bank prepared the workshop ‘’Introduction to the world of money’’ and a workshop about identifying counterfeit money was prepared for high school students. The younger participants received piggy banks and the older students received brochures about identifying counterfeit money and about central banking theory and practice.
On 18 March, GMW activities also included children with disabilities. Central Bank representatives visited the Daily Center for the children with disabilities, expanding their cultural and financial horizons, with a special focus being placed on savings. Every child was given a piggy bank for saving.
Global Money Week events and celebrations were extensively covered in major national press, media, television and radio stations. Several media outlets were also active participants in the celebrations, making interesting and comprehensive TV reports that were broadcasted during the Week on different TV and radio stations. Above that, in cooperation with the National Radio Television of Montenegro, the Central Bank developed a programme that was broadcasted every morning during GMW for approximately five minutes. This fun and educational programme included preschool aged children who responded to questions related to money and savings.
2015 Montenegro Global Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 9th - 16th of March
NUMBER OF CHILDREN REACHED:
- 500
During the Global Money Week 2015, the Central Bank of Montenegro conducted various activities for youth across the country. CBCG’s representatives visited primary and high schools all over the country and interacted with more than 500 children and youth. Central Bank of Montenegro also used radio talk shows, television programs, and newspapers to promote GMW values. This helped raise public awareness about the importance of financial education in the country.
On March 9th, the students of Secondary School of Economics visited the Central Bank of Montenegro where the Governor welcomed them. They attended lectures on central banking and identifying counterfeit money. During other days of the Global Money Week, children deprived of parental care visited the Central Bank of Montenegro’s Money Museum in Cetinje where they attended a workshop titled “Welcome to the world of money”. They were also taken on a tour of the museum. On March 11th, representatives of the Central Bank organised an educational workshop on “How to identify counterfeit money” for the high school students.
In order to empower the vulnerable and marginalized group, representatives of the Central Bank of Montenegro organised a workshop for Roma children titled “Welcome to the world of money” on March 12th. The objective of the workshop was to increase awareness about their social and economic rights. Other events included workshops for lower-grade students at primary schools, as well as at the Resource Center for Hearing and Speech in Kotor.
Events covered all regions of Montenegro which included the capital Podgorica and the Cetinje, Žabljak, Šavnik, Plav, Gusinje, Kotor, Sutomore and Ulcinj regions.
2014 Montenegro Global Money Week
PARTICIPANTS:
DATE OF THE EVENT:
- 11th, 13th, 14th, and 17th of March
NUMBER OF CHILDREN REACHED:
- 200
Central Bank of Montenegro (CBM) opened its doors to children during March to promote financial education. Children and youth from primary and secondary schools had the opportunity to attend lectures and workshops on financial topics. They were excited to celebrate Global Money Week 2014 with more than 1 million children all over the world. CBM used radio, TV and newspapers as platforms to promote the following activities and raise awareness about financial inclusion.
An educational event was held for students at the Central Bank of Montenegro and was opened with a speech by the Executive Director of the CBM. The work day continued with a presentation by representatives of the CBM on the history of money, history of banking in Montenegro, the organisational structure of the CBM and its main goals. High school students had the chance to discuss financial education and other financial topics. The students were so pleased with the presentations that they asked the CBM representatives to make more presentations on financial topics in their school.
On the 13th March high school students visited Money Museum of the Central Bank of Montenegro in Cetinje. They had the opportunity to see the exhibition `From Perper to Euro` and they enjoyed lectures on financial educational and historical topics. They also enjoyed minting money on an old machine on which the first Montenegrin currency, Perper, was minted.
The next day disabled children and their parents had the opportunity to enjoy interactive lessons and learn interesting facts about money. The workshop put emphasis on the importance of starting financial education at an early age and savings behaviour. They were very excited to learn new facts about CBM, money and saving through the games and quizzes. They also learnt interesting facts like where the first coins came from, what they looked like, where the first banknote was made, which material they were made of etc.
After the presentation, children `made their own money`, which CBM experts then organised into an exhibition of displaying their works. Children were dressed in Global Money Week T-shirts and were each given a saving box.
On the last day of Global Money children with disabilities visited the Money Museum of the Central Bank of Montenegro in Cetinje. They enjoyed the exhibition `From Perper to Euro` and learning about finance. At the end of the visit, they each got a souvenir Perper (the first Montenegrin currency).
2013 Montenegro Global Money Week
NAME OF ORGANISING ENTITIES:
- Central Bank of Montenegro
- Montenegro Securities
- Exchange Commission
DATE OF THE EVENT:
- 15th – 21st of March
Children and youth from primary and secondary schools had the opportunity to attend lectures and workshops on financial topics in the main building of the Central Bank of Montenegro during Global Money Week. A workshop dedicated to the topic of ’’My budget and Me’’ aimed to teach children how to manage and save their money.
This was organised by the employees of the Money Museum. Every student also had the opportunity to see the exhibition “From Perper to Euro’’. They were accompanied by the specialist of Money Museum of the Central Bank of Montenegro.
Global Money Week celebrations continued with financial experts visiting schools and talking about saving money, payment system, counterfeit, and history of money, central banking and many more financial educational topics.