Armenia

2024 Armenia Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Armenia

PARTICIPATING ORGANISATIONS:

  • Central Bank of Armenia, Ministry of Education, Science, Culture, and Sports of Armenia, Ministry of Territorial Administration and Infrastructure, Deposit Guarantee Fund of Armenia, Financial System Mediator, Armenian Motor Insurers' Bureau, Armenian General Benevolent Union, The German Sparkassenstiftung for international Cooperation (DSIK), Evocabank, Easypay, Fast shift, Yerevan State University, French University in Armenia, French college in Armenia, Crisis Management State Academy, American University of Armenia, Contests' Lab, Centre for behavioural decisions, Wikimedia Armenia, Junior Achievement of Armenia, Public TV of Armenia, Armenia TV, public and private school

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 287

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 9 786

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1 200

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 19 000

In 2024, various events under GMW saw 9786 participants engaged in learning to better manage their personal finances, gaining knowledge and skills to protect themselves against financial scams and frauds, aligning with this year's GMW theme "Protect your money, secure your future."

The Central Bank of Armenia (CBA) launched a new project called “A Question to a Financial Guru," offering schoolchildren the opportunity to ask CBA experts questions via email. Topics included personal finances, the Armenian dram, career paths, and financial scams and frauds. The experts received over 100 emails from all regions, with the authors of the top three questions receiving special awards from the CBA.

Continuing the “Central Bank in Schools” project, CBA board members and officials visited 35 schools in different regions, conducting lessons on creating personal budgets, saving for the future, using green saving tools, and utilising online banking securely. Students had the opportunity to ask questions and receive answers from experts. A notable event was the presentation of the money museum in a border region Sisian to over 1,800 schoolchildren and teachers. They also participated in a lesson on the appropriate usage of money and financial services.

The CBA collaborated with Wikimedia Armenia NGO to organise a Wikipedia article contest where students contributed articles about economics and personal finance management. Additionally, in collaboration with Junior Achievements of Armenia, a Brain Ring competition was held, with school teams from different regions participating in three rounds. They answered questions, performed calculations, drew graphs, and made presentations. The team with the most points won and received collective coins issued by the Central Bank.

The Economic Fundamentals Initiative organised the Tatevatsi Economics Olympiad, aimed at helping high school students understand economics better. Open to all high school students, the Olympiad consisted of multiple-choice questions assessing economic knowledge. The top scorers from the school rounds competed in the national round, with the top five advancing to the international round in Greece.

Contests' Lab, along with the Central Bank and Evocabank, implemented the VOZNI tournament, an online game for children. Winners formed groups to work onsite on different financial case studies, with the best groups receiving awards.

The "Junior Achievements of Armenia" initiated the "Girls Go Circular" project, led by the European Institute of Innovation and Technology (EIT). This activity aims to equip girls aged 14-18 across Europe with digital and entrepreneurial skills through an online learning programme focused on the circular economy. It combines digital education with practical entrepreneurial training, empowering young women to contribute to a sustainable future.

The Financial System Mediator's office organised five events, including seminars, visits of students and teachers to the Financial System Mediator's office, a three-day financial literacy school for high school students, a seminar for women in distant regions, and training sessions for future entrepreneurs.

Lastly, a private organisation, “Fast Shift,” organised a virtual meetup on "Financial Literacy." Speakers from various national and international organisations presented practical advice on effectively using financial services.

2023 Armenia Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Armenia

PARTICIPATING ORGANISATIONS:

  • Central Bank of Armenia, Ministry of Education, Science, Culture, and Sports of Armenia.
    Deposit Guarantee Fund of Armenia, Financial System Mediator.
    10 Financial service providers including banks, credit unions, insurance companies, pension fund managers.
    400 educational institutions including schools in different regions, Armenian State University of Economics, American University of Armenia, Armenian National Agrarian University, Shirakatsy Lyceum International Scientific-Educational Complex, 1st school of Charencavan etc.
    5 Non-Governmental Organisation (NGO) including Economic Fundamentals Initiative, Wikimedia Armenia, HEBA NGO, Children of Armenia Fund, Junior Achievement of Armenia.
    Public TV of Armenia

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 420

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 2802

NUMBER OF ADULTS REACHED DIRECTLY:

  • 300

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 7500

Global Money Week 2023 was very active in Armenia. This year, 3102 participants took part in different programmes that promoted the importance of personal finance management and the significance of sustainable development and green finances, with the slogan of the year being “Plan your money, plant your future!”
The Central Bank of Armenia (CBA) has started a new project called “Central Bank in Schools.” The central bank board members and officials visited Armenian schools in different regions and conducted lessons for schoolchildren. They presented the role and objectives of the CBA and discussed actual topics such as the importance of creating a personal budget, saving money for the future, using green saving tools, online tools such as mobile and online banking, and the wise usage of financial tools. The pupils and students got the chance to ask questions and receive answers from the experts. The CBA also collaborates with Wikimedia Armenia NGO to organise a Wikipedia article contest where students contribute articles about economics and personal finance management. Additionally, in collaboration with Junior Achievements of Armenia, a Brain Ring competition for schoolchildren sums up the series of programmes where teams from different regions participate in three rounds of competition. They answer interesting questions, do calculations, draw graphs, and make presentations. The team with the most points becomes the winner and receives collective coins issued by the Central Bank.


The Financial System Mediator's office organised three events as part of the "Global Money Week 2023". The events aimed to promote financial capability and raise awareness about the importance of financial education. They included seminars, visits of students to the office of the Financial System Mediator, a three-day school of financial literacy for high school students, and a seminar for women in the Armavir region.


The Economic Fundamentals Initiative has organised the Tatevatsi Economics Olympiad, a competition designed to help high school students gain a better understanding of economics. The Olympiad is open to all high school students and consists of a series of multiple-choice questions that are designed to assess the participant’s knowledge of economics. The competition culminates in a final round in which the top scorers from the school rounds will compete against each other in the national round to determine the five winners who will compete in the international round in Bratislava. In the scope of the same initiative, in collaboration with the Center for Behavioural Decisions, the Economic Fundamentals Initiative and C-Quadrat Ampega Armenia organised a University Economics Essay Competition aimed at promoting economics and finance literacy among undergraduate students in Armenia. The competition serves as a platform for undergraduate students to showcase their research and analytical skills and gain valuable experience in academic writing. It also provides an opportunity for students to network with industry professionals and academic experts in the field of economics and finance.


The Children of Armenia fund also joined the Global Money Week 2023 by organising visits and financial literacy games in Armenian regions. The participants of the "Mathematics and Financial Education" programme filmed a video on the topic of financial education, in particular, useful tips about personal finances. The video was shown as part of the programme's open class, where the participants introduced the audience to various financial topics, such as budgets, savings, the importance of managing finances, and played a small version of the game "Finances in a Different Way."

2022 Armenia Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Armenia

PARTICIPATING ORGANISATIONS:

  • Governmental institutions: Central Bank of Armenia, Minister of Education, Science, Culture and Sports of Armenia; Financial Institutions: Deposit Guarantee Fund of Armenia, Financial System mediator, ACRA credit bureau, Armenian Motor Insurers' Bureau, Armenia Securities Exchange; Financial Unions: Union of Banks of Armenia, Union of Credit Organisations of RA; Financial service providers: including banks, credit unions, insurance companies; Educational institutions: including Armenian State University of Economics, American University of Armenia, Yerevan State University, Shirakatsy Lyceum International Scientific-Educational Complex, Arteni N2 basic school, Aragatsavan basic school; Non-Governmental Organisations: Children of Armenia fund, Junior Achievement of Armenia; Media organisations: Armenpress, newsarmenia.am; International Organisation: European Youth Parliament

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 124

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 3,677

NUMBER OF ADULTS REACHED DIRECTLY:

  • 380

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 8,172

The Central Bank of Armenia and the Armenian State University of Economics organised a panel discussion to officially launch Global Money Week 2022 in the country. It focused on GMW2022 theme: “Build your future, be smart about money.” During the talks, economists and financial experts shared their views on FinTech, inflation, personal finances, the Russian-Ukrainian conflict and its impact on Armenians. Students had the opportunity to ask questions and participate in these discussions.

The Yerevan City Session of the European Youth Parliament (EYP) took place from 25-27 March. The session revolved around the “Enhancing the Financial Literacy Among Youth” theme and was conducted in partnership with the Central Bank of Armenia. The session gathered around 100 young people selected from different high schools and universities in Yerevan. Participants were divided into six committees. Each committee was assigned a topic and encouraged to come up with possible solutions and draft a resolution. To support, guide and facilitated the committees, experienced members of the EYP academic team had conducted research for over a month before the start of the session. During the conference, delegates discussed various issues in finance and economics such as housing prices, taxes, non-cash transactions, credits, financial scams and frauds. Afterwards, they created and presented various resolutions.

As part of GMW2022, financial experts visited students of COAF's (Children of Armenia) Aflatoun International programme in Arteni village to help them with financial matters of their start-up eco pens “Re’pen.” They touched upon topics such as budgeting, bank accounts and cards, savings, debt, financial rights protection, and useful online financial tools such as fininfo.am. At the same time, these students participated in a seminar led by financial experts dedicated to safe usage of payment cards.

Moreover, thanks to another educational initiative, one of the richest online encyclopaedias in the world Wikipedia (in Armenian) saw increase in number of financial literacy articles. Particularly, the topics related to payment cards and bank accounts were emphasized this year.

Furthermore, the Central Bank Visitor Centre of Armenia (the money museum) opened its doors to students in order to teach them about the history of money and about their personal finances, future professions and money matters. In addition, various open lessons, movies, discussions, debates, “Saving game”, “Finances otherwise: Alliance” and “There is no money” games championships were organised in different educational institutions.

2021 Armenia Global Money Week

GMW NATIONAL COORDINATOR:

  • Central Bank of Armenia

PARTICIPATING ORGANISATIONS:

  • Minister of Education, Science, Culture and Sports of Armenia, Ministry of Labor and Social Affairs of Armenia, Ministry of Innovation and Technology of Armenia, Deposit Guarantee Fund of Armenia, Financial System mediator, ACRA credit bureau, Armenian Motor Insurers' Bureau, Armenia Securities Exchange, Union of Banks of Armenia, Union of Credit Organisations of RA, HSBC Armenia, Armeconombank, Telcell, Reso Insurance company, American University of Armenia, Armenian National Agrarian University, Gladzor University, Shirakatsy Lyceum International Scientific-Educational Complex, Poqrik Ishkhan Educational Complex, Junior Achievement of Armenia, Armenpress, B24, Armtimes, Hetq.am, News.am, Lratvakan.am

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 123

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 2,705

NUMBER OF ADULTS REACHED DIRECTLY:

  • 370

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 4,500

The 2021 edition of Global Money Week in Armenia included both online and offline events. Many of the activities were organised by government, financial institutions and public organisations. Over 2,700 children and youth took part in the campaign that helped them to develop their knowledge, skills, attitude, and behaviour about personal finance management and money matters.

In Armenia, another financial education campaign called ‘My Finance Month’ project is planned annually that starts with Global Money Week and is held until mid-May.

To kick-start GMW2021, the Central Bank organised a live webinar about money management. Experts from various financial institutions and organisations were invited to give speeches on money matters. Social media and news channels were used to share updates from the event. The topics were defined by the Facebook users, and the most popular topics were about savings, debt management, securities, cryptocurrencies, etc.

Throughout the week, many online and offline activities were organised, including workshops and lectures in schools and universities. Also, two competitions were announced: an art competition on the topic of “It is not easy to deceive me” that was dedicated to the financial scams and frauds, as well as a Wikipedia article competition to enrich the online encyclopaedia.

The Central Bank of Armenia in cooperation with the Ministry of Education, Science, Culture, and Sport and Junior Achievement Armenia once again organised an annual financial-economic competition. Due to COVID-19, the event has been organised remotely in the past two years. The 10th-grade high school students participated in the regional competition followed by semi-final and final online competitions. The students had to answer theoretical questions and solve problems through the online tool Quizizz. Their answers showcased their competencies in money matters and personal financial management.

“Virtual Savings Game” was organised for adults via Zoom. Because of COVID-19 outbreak, Savings Game board-based training materials were redesigned by the Armenian representative of German Sparkassenstiftung for International Cooperation into a virtual format to continue engaging beneficiaries via online workshops. These materials were translated into Armenian and adopted for the training format.

"Poqrik Ishkhan" Educational Complex initiated a career day called “To be or not to be an economist” where students had an opportunity to learn about the profession of an economist and asked their questions.

A new event was initiated and organised by the Shirakatsy Lyceum International Scientific-Educational Complex called “Learning by teaching.” The programme included secondary school students teaching younger children about money matters.

2019 Armenia Global Money Week

LEADING ORGANISATIONS:

  • Central Bank of the Republic of Armenia
  • Federation of Euro-Asian Stock Exchanges (FEAS)
  • Junior Achievement Armenia
  • Union of Banks of Armenia

PARTICIPATING ORGANISATIONS:

  • 51 Schools and Universities, 9 Media Organisations, American University of Armenia (AUA), Amundi-ACBA Asset Management, Ararat Bank, Armbusinessbank, Armeconombank, Armenia Securities Exchange, Armenian Deposit Guarantee Fund, Armswissbank, Artsakhbank, C-QUADRAT Ampega, Converse Bank, Corporate Governance Center, Development and Investments Corporation Of Armenia, Dilijan # 1 high school, Tavush Region, Dilijan # 5 high school, Tavush Region, Economic Journalists Club, Evocabank, Financial System Mediator, Finka UCO, Gladzor UCO, Global Credit UCO, Good Credit UCO, ID Bank, Inecobank, Ingo Armenia Insurance Company, Kamurj UCO, Ministry of Education and Science, Money Museum Central Bank of Armenia, Nairi Insurance, National Institute of Education, RESO insurance, Rosgosstrakh Armenia Insurance Company, SIL insurance, Unibank, Union of Banks of Armenia, VTB Bank Armenia, Wikimedia Armenia, “ACBA Leasing” Credit Organisation

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 2 442

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 18 819

Central Bank of the Republic of Armenia
During GMW2019, the Central Bank of Armenia organised 13 visits with the “Big Red Buss”, to different financial institutions, the Money Museum of the Central Bank, and the Stock Exchange, where young people were able to learn about finances through different financial games, like the Savings Game and Finance Otherwise. They had the opportunity to test their knowledge by competing in the game “the Brainiest”, Financial Football, Composition Competition, and Economical and Financial Brain Ring. With the project “Finshabti”, young people were able to learn everything they wanted to know about different financial topics, from representatives in the field, as well as have discussions on different financial topics. The children and youth participated in an art contest, on the topic “I save for…” Throughout the Week, over 50 financial education classes were organised for schoolchildren, which were integrated in four main subjects, namely “Me and My World”, “Mathematics”, “Algebra”, and “Social Studies”. The project was promoted through social media, mass media, and tv. Participants were also able to learn about finances on the www.abcfinance.am website, which allowed them to be up to date on all the events and online competitions.

Federation of Euro-Asian Stock Exchanges (FEAS)
Throughout Global Money Week 2019, Federation of Euro-Asian Stock Exchanges, along with its partner American University of Armenia, organised a special lecture for AUA Students. The FEAS Secretary General spoke about the "Crypto Assets and DLT in Modern Financial World" topic. Furthermore, the topic of “Economic Bubble and Crypto Risks” were discussed. The FEAS actively encouraged its members to participate in the celebrations.

Junior Achievement Armenia
As part of the celebrations, students were invited to visit the Dilijan Educational Research Center of the Central Bank of Armenia, where they learnt about the Bank’s function and were able to explore the Dram History Museum. Representatives of the museum educated the children on the history of the Armenian dram, starting from the origins of money, to the releasing of the newest banknotes. Furthermore, a training session for the students was conducted, which taught them about the structure and function of the Central Bank, the set-up of general financial institutions, the meaning of inflation, and the concepts of savings and investments.

Union of Banks of Armenia
For GMW2019, the Union of Banks of Armenia, in cooperation with Economist Journalist Club, organised a series of seminars and trainings for economic journalists on bank related topics. The aim of the activity was to promote a better understanding of different financial banking topics, to go deeper into their definition, how they are used in a contemporary context, and to make them topics of discussion. The activity delivered education materials and knowledge, and aimed to raise awareness of financial literacy. The seminars were conducted by representatives of the financial banking sector, and continued to be given until June 2019.

2018 Armenia Global Money Week

LEADING ORGANISATIONS:

  • Central Bank of the Republic of Armenia
  • Children of Armenia Fund (COAF)
  • Federation of Euro-Asian Stock Exchanges (FEAS)
  • Junior Achievement Armenia

PARTICIPATING ORGANISATIONS:

  • "Knowledge for Development" Center of Central Bank of Armenia, American University of Armenia, Ararat Bank, Armenia TV, Armenian Deposit Guarantee Fund, Armenian Motor Insurer's Bureau, Armenian State University of Economics, Armswissbank, C-QUADRAT Ampega, CBA Leasing, Central Bank of Armenia, Converse Bank, Development and Investments Corporation of Armenia, Dilijan High School, Dilijan Secondary School #5, Dilijan Training and Research Centre, Evocabank, FIDES UCO, Financial Institute (Bank), Financial System Mediator, Global Credit UCO, Haghartsin Secondary School, Inecobank, Ingo Armenia Insurance Company, Junior Achievement Armenia, Kamurj UCO, Local Plants, Ministry of Education and Science, Nairi Insurance, Nasdaq OMX Armenia, National Center of Aesthetics, National Mortgage Company, News Armenia, Noyemberyan Secondary School, Panarmenian, Rosgosstrakh Armenia Insurance Company, SIL insurance, Tert.am, The Knowledge for Development Center in Dilijan, Unibank, Union of Banks o Armenia, Union of Credit Unions of Armenia, Visa, Wikimedia Armenia, 13 Aflatoun clubs implemented by COAF in different regions of Armenia, 1in.am, 2 media organisations., 5 local organisations and businesses, 50 Schools and Universities

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 6 612

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 71 018

Central Bank of the Republic of Armenia
This year, Global Money Week in Armenia became part of a bigger national initiative, My Finance Month 2018, to engage as many participants as possible. Overall 94 events took place, including:

  • 2 competitions; "I make savings for..." art competition and Wikipedia contest on 17 financial topics;
  • 10 visits to financial institutions;
  • 2 visits to the CBA Money Museum;
  • 2 visits to Nasdaq OMX Armenia Stock Exchange;
  • 15 budgeting games in CityZen Children’s Center;
  • 9 savings games in 9 universities;
  • Brainiest TV intellectual game;
  • 4 Financial football online competition;
  • 30 open seminars on different financial topics;
  • 6 "Anti-café" format discussions on 4 main topics: deposits, pension funds, securities and leasing;
  • Children conducted 6 interviews on financial topics with financial experts.

During Global Money Week, the financial educational website of the Central Bank of Armenia was launched and introduced to the public.

Federation of Euro-Asian Stock Exchanges (FEAS)
Throughout GMW2018, the Federation of Euro-Asian Stock Exchanges (FEAS), along with partners, organised a public lesson for students of the Armenian State University of Economics. The FEAS Secretary General spoke about the "SME Tendencies in Capital Market" and covered topics, such as the importance of money and its usage. In addition, new monetary topics, such as cryptocurrencies and Blockchain were discussed. The literacy awareness session was offered to both youth and adults. Beside this event, the FEAS in Armenia promoted the FEAS Members who took part in GMW on its official social media pages, such as the Abu Dhabi Securities Exchange, the Bucharest Stock Exchange, and the Tehran Stock Exchange.

Children of Armenia Fund (COAF)
During GMW2018, Children of Armenia Fund organised multiple awareness-raising activities on financial literacy. Together with guest speakers from banks, startups, and corporations, COAF organised workshops and sessions for rural middle school and high school students. Topics included planning a budget, marketing, entrepreneurship, finance, pension funds, labor laws, and an introduction to startups. Students from COAF beneficiary schools had the chance to visit the Central Bank, to learn more about its missions and the national currency. They also had a tour of successful startups in Armenia and met experts, who shared their entrepreneurial skills and knowledge with them. The students also had the opportunity to attend thematic performances on financial issues and movie screenings on savings and expenses. They played financial games and participated in discussions on resource management and recycling. Finally, they visited money exhibitions and learnt about socio-financial projects.

Junior Achievement Armenia
Junior Achievement Armenia organised a wide range of events for local schools throughout the Week. Different schools were invited to the “Knowledge for Development” Center of the Central Bank, where they watched educational films, and attended lectures on subjects such as managing finances, inflation, saving, investments, and the role of the Central Bank. Later in the Week, the students visited the Central Bank where they met with a representative who spoke about the Bank’s structure and function. The students also had the chance to visit the money museum where they learnt a lot about the history of money. Tenth graders organised pedagogical lessons on entrepreneurship and the role of money for sixth graders. The students created short skits and participated in small debates in class. Students visited a pastry factory, where they met the administration staff, participated in a Q&A session, and discussed topics such as marketing research, advertisement, and the preparation of a business plan. To end the Week, students organised an exhibition called “Money Through My Eyes” and Noyemberian visited the largest factory in their region, “H&T Hakopians”. The students had the chance to meet with the production manager and other staff members, and to watch how products were made. The visit ended with an enriching Q&A session.

2017 Armenia Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 4 500

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 9 000

Throughout Global Money Week 2017 and My Finance Month 2017, the Central Bank of Armenia, along with its partners, targeted children and youth through workshops, debates and seminars related to personal finance management. The topics were “From Yerevan to Wall Street”, “Financial Stability: a reality or a myth?”, “The art of Savings”, “Learn. Save. Earn”, and others.

During the GMW 2017, financial intellect games were offered to children, youth and adults, such as Financial Football, Brain Ring for youth, Savings Game, “Activity” Card Game, Individual Intellectual Tournament and more.

This year, the Central Bank of Armenia also held five competitions: a photo competition: “The only free cheese is in the mousetrap”, an art competition: “Where does money come from?”, infographics competitions and a recycling competition. The winners of the contests were granted different awards including stationaries, financial books and more. The best oeuvres gathered through the “Saving Jar” challenge were presented during the exhibition at the Dilijan “Knowledge for Development” Center.

In the scope of GMW 2017, students from numerous schools joined the excursion at the “Visitor’s Centre” of the Central Bank of Armenia, receiving information about the history of the Armenian Dram as well as on the role and policies of the Central Bank of Armenia. Throughout the Week, young people were able to participate in a bus tour to 13 financial companies and institutions including the Central Bank of Albiana, Financial System Mediator, Stock Market, commercial banks, insurance companies, credit organisations and more.

Furthermore, GMW 2017 activities organised by Children of Armenia Foundation (COAF) to encourage financial participation reached 1500 students. Alongside guest speakers from schools, universities, banks and corporations, COAF organised workshops and sessions at rural schools for middle and high school students. Throughout the Week, financial games for all the school students, movie screenings about saving and expenses, film discussions on resource management and recycling, theatrical performances about financial issues, social issues raised from lack of financial literacy, money exhibitions and social-financial projects were organised locally in the villages by students from 13 schools with the aim of engaging the communities as a whole and to raise their financial awareness.

Junior Achievement of Armenia also continued its active support of the Week by organising a student visit to the HSBC bank. JAA and the HSBC Bank organised a career day for 30 students at the Yerevan headquarters, where the aim of the educational tour was to show participants how the institution works.

2016 Armenia Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

  • AIESEC Armenia; “Mkhitar Sebastatsi” Educational Complex; Junior Achievement Armenia; Anania Shirakatsi (Educational Complex); Mkhitar Sebastatsi (Educational Complex); Eurasia (Educational Center); 109 high school (Yerevan); 195 high school (Yerevan); 3 high school (Gyumri); Gyumri Foton College; 5 high school (Vanadzor); 11 high school (Vanadzor); Dilijan State College; Armenian State University of Economics; Eurasia University; Aeon library/club; “PASS” LLC; Central Bank of Armenia Visitor Centre; The members of National Strategy of Financial Education; Aflatoun; COAF (Aflatoun partner)

DATE OF THE EVENT:

  • 14th - 21th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 3 705

TOTAL INDIRECT REACHED:

  • 5 000

This is the second year that the Central Bank of Armenia lead different financial programs during GMW. In 2016 in Armenia, GMW started in March and was continued through “My Finance Month 2016” project in April.

FLY (Financial Literacy for Youth) project was conducted in four Armenian cities (Yerevan, Gyumri, Vanadzor, Dilijan). The project was organised by AIESEC Armenia in cooperation with the Central Bank of Armenia. Six young economists from Hong Kong, Brazil, USA, Turkey, Serbia and Canada are in Armenia with the mission to motivate and give basic financial knowledge on personal financial management to youth who do not have access to economic or financial education. One of the key points of the project is to create a cross-cultural platform for Armenian youth to develop their managerial and financial knowledge/skills. The participants developed their hard and soft skills in finances, leadership, management and the like. More than 30 seminars were held during the project with more than 450 participants (mainly students).

Young students of the Children of Armenia Fund and Military Aviation Institute after Marshal Khamperyants visited the “Visitor’s Center” of the Central Bank. They were informed about the history of Armenian Dram, the operations and role of the Central Bank, monetary policy, etc. The employees of the “Consumer rights protection and financial education” center of the Central Bank of Armenia organised two workshops for the youth: “Professional orientation” for the Children of Armenia Fund and “Personal finances: how to manage them in a better way?” for the Military Aviation Institutes students.

During GMW 2016, the Central Bank of Armenia announced five competitions: the Photo Story competition with the topic “Debt management”, the Art Competition for children between 5 and 12 years old with the topic “The life on my financial planet”, the Storytelling competition for the schoolchildren between 12 and 16 years old, the Financial Brochures competition with two topics: “My tomorrow starts today”, “Balance in everything” and the GMW Selfie competition. The competitions were promoted through the financial education website (www.abcfinance.am) as well as through social media (Facebook, Twitter). Thus far, there are approximately 400 participants though the final results will be recapitulated at the end of April during the “My Finance Month” closing ceremony.

An interactive workshop on “Personal Finances: why, what do I have to do with this?” was conducted by the Financial Education Specialist of the Central Bank of Armenia in the Mkhitar Sebastatsi Educational Complex. Before the workshop, the students danced traditional Armenian dances to integrate Armenian national spirit into GMW. After the workshop, the students organised a bike tour to demonstrate the importance of nature and its impact on improving the efficiency of saving processes. The programme had 70 participants involved.

Furthermore, on 15 March, Junior Achievement of Armenia, within the framework of the “Entrepreneurship and Civic Education for Young People of Armenia” programme, awarded small grants to eleven student business companies to implement social projects in their communities. To augment their social enterprise budgets, JAA held competitions wherein the social enterprises submitted a proposal to receive a grant for their community projects. One hundred student social enterprises presented a proposal requesting $300 to add on to their programme budgets. A committee selected 11 student companies, one from each region of Armenia. Each student social enterprise received $300 grant to implement their social project, and they were awarded at the Award Ceremony in Yerevan.

“Of course it’s easier to postpone things until tomorrow: I will do my lessons tomorrow, I will visit my grandparents tomorrow, I'll clean my room tomorrow… I will save tomorrow. But in this case, you can’t establish new goals and build a new action plan for tomorrow! Tomorrow is not around the corner. Successful people look forward and they don’t correct the mistakes of the past all the time! We suggest that you start the job that you need to do today - NOW. By saving, you can reach your personal goals faster. It will be your motivation for defining new goals and building your successful way. You can pay your University tuition on your own; you can help your parents; you can discover the wonderful world, etc. It is not a dream; it can be real if you gain from every moment. Think about it and act right now! Take part. Save smart!” Sona Lalayan, Coordinator of the financial educational projects in Armenia, Central Bank of Armenia

2015 Armenia Global Money Week

PARTICIPATNTS:

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 450

The Central Bank of the Republic of Armenia participated for the first time in Global Money Week by conducting a series of events at the "Mkhitar Sebastatsi" Educational Complex, AYB School, College of Technology and Yeghvard School in Yerevan. Activities included seminars and debates about Armenian economy and trainings on the management of personal finance, the role of financial markets, IT and tourism in the economy, types of commercial organisations and other topics. Central Bank of Armenia also organised an essay competition ‘How would I manage my first million?’, and a competition where children prepared social and commercial advertisements on finance-related themes. Elina Hakobyan, Mariam Mansuryan and Karine Hovhannisyan won an essay competition ‘How would I manage my first million?’ with incredible stories that also showed their economic literacy. School children in the age group of 11-16 years old also visited the Visitor Center of the Central Bank of Armenia where they attended interactive seminars on the History of Armenian Dram, Monetary Policy, Inflation and Financial Markets of Armenia.

Civil society organisations in Armenia also actively participated in this year’s Global Money Week. Junior Achievement Armenia held a Student Trade Fair on 9 March in Gymri, the second biggest city of Armenia. During the fair, 12 student companies presented their products to potential consumers. The products included hand-made jewelry, scarfs, dried fruit, candles, purses and gift bags. The Student Trade Fair was an educational activity which allows the students to showcase their economic and financial knowledge and to demonstrate the entrepreneurial skills which they acquired during their studies.

Children of Armenia Fund also participated in Global Money Week by organising visits to the Visitor Center of the Central Bank of Armenia for Aflatoun students from Getashen and Dalarik schools. They visited the exhibition displays on the history of the national currency, laboratory for checking notes and coins, and participated in a special audio-session about the structure and functions of the Central Bank. Other events organised by Children of Armenia Fund included an interactive performance about important economic and financial concepts by students of Getashen village for their school mates and teachers. On 13 March, a special informative flash-mob was staged during the break at Dalarik School with an aim to raise awareness about this year’s theme - savings. More than 60 students and teachers joined the flash-mob.

2014 Armenia Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 17th of March

Students who were a part of the Junior Achievement’s (JA) group in Armenia participated in Aflatoun’s Global Skype calls on March 17 where they connected with students from Colegio Santa Eulalia in Portugal. Aflatoun Day was celebrated globally on the last day of Global Money Week. The Armenian and Portuguese students loved chatting to each other about their respective entrepreneurial activities. The Armenian students showed off their self-made creative mobile phone accessories and shared that they raised approximately 300 euros by selling them. They explained that the money will be used for school excursions. The Portuguese students talked about their school garden which they harvest for fresh vegetables which they sell to the community (parents, teachers and other children).

JA Armenia also conducted enterprise activities in various schools through Global Money Week. The youngsters in the JA programme used social and financial enterprises to raise funds for peers with specific needs or for their school.

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