2022 Maldives Global Money Week
GMW NATIONAL COORDINATOR:
- Maldives Monetary Authority (MMA)
PARTICIPATING ORGANISATIONS:
- Bank of Maldives, Allied Insurance Company, Pension Administration Office, Capital Market Development Authority, First National Finance Corporation, Hdh. Neykurendhoo School, Rehendhi School, Haa Alifu Atoll Education Centre, Seenu Atoll School
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 10
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 1,479
NUMBER OF ADULTS REACHED DIRECTLY:
- 200
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 167,620
Maldives Monetary Authority (MMA) organised a financial webinar series in collaboration with financial institutions for Global Money Week 2022. The webinars targeted college and university students in the Maldives and were opened to the public so that interested young people could participate. During the event series, institutions delivered sessions on key financial topics to enhance the knowledge of the participants regarding money matters. The three-day webinar series was a huge success as the feedback received from the participants was very positive.
MMA conducted a Facebook campaign to enhance the financial knowledge of the public. The campaign was held from the first week of February 2022 until the end of GMW2022. During this campaign, awareness posts were created and uploaded on MMA's Global Money Week Facebook page on a weekly basis. Similarly, MMA created and uploaded an awareness video, which highlighted the importance of understanding the difference between needs and want to manage spending.
In addition, MMA developed GMW Toolkits and shared these with all school in the country, encouraging them to organise activities to celebrate GMW. The toolkits suggested various activities that education institutions could organise to celebrate the week. Similarly, an assembly speech was sent to all schools in the Maldives. This speech highlighted the importance of saving and encouraged students to learn important life skills including job and entrepreneurial skill that can help them to earn in the future.
MMA also organised several activities within MMA, to mark the 10th edition of GMW2022. The Governor delivered an insightful speech on GMW theme at the inauguration ceremony of GMW. The programme concluded with a financial quiz. A scavenger hunt was organised for MMA staff that enabled them to learn about money matters in a fun and challenging environment. Furthermore, a financial debate was held during the closing event of GMW2022.
2021 Maldives Global Money Week
GMW NATIONAL COORDINATOR:
- Maldives Monetary Authority
PARTICIPATING ORGANISATIONS:
- Ministry of education, Maldives pension administration office, Capital market development authority, Bank of Maldives, Allied insurance company of the Maldives
TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:
- 6
NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:
- 90
NUMBER OF ADULTS REACHED DIRECTLY:
- 20
NUMBER OF PEOPLE REACHED INDIRECTLY:
- Not reported
For this year’s Global Money Week, the Maldives Monetary Authority (MMA) along with partner institutions organised a series of webinars targeting higher secondary school students. Students learnt about money matters and got inspired to save for their futures.
Similarly to previous years, an assembly speech by the Ministry of Education was sent to all schools in the Maldives. This speech highlighted the importance of saving, understanding the difference between needs and wants, as well as why financial education matters.
2019 Maldives Global Money Week
LEADING ORGANISATIONS:
- Maldives Monetary Authority
PARTICIPATING ORGANISATIONS:
- 250 Schools, Allied Insurance Company of the Maldives Pvt Ltd, Amana Takaful (Maldives) Plc, Bank of Ceylon, Bank of Maldives Plc, Capital Market Development Authority, Ceylinco Insurance Company Pvt Ltd, Commercial Bank of Maldives, Dhivehi Bahuge Academy (Dhivehi Language Academy), Dhivehi Insurance Company Private Limited, Dhivehi Raajjeyge Gulhun Public Limited, Habib Bank Limited, Hong Kong Shanghai Banking Corporation, Housing Development Finance Corporation, Maldives Finance Leasing Company, Maldives Islamic Bank, Maldives Pension Administration Office, Mauritius Commercial Bank, Ministry of Economic Development, Ministry of Education, Ooredoo Maldives Plc, Solarelle Insurance Private Limited, State Bank of India
NUMBER OF CHILDREN REACHED DIRECTLY:
- 4 200
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 35 400
Maldives Monetary Authority
Throughout Global Money Week 2019, Maldives Monetary Authority (MMA), along with partner institutions, organised numerous activities to create awareness for the financial sector and to educate children and youth about money matters. A Global Money Week themed video, with the slogan “Learn.Save.Earn” was released during the inaugural event. Other activities that were carried out included a financial tour, where school students were given a tour of commercial banks, insurance companies, and pension offices. To include the majority of people living in the islands, a financial webinar was held for the first time. The webinar was hosted by the MMA, and students from three regions of the country joined. The webinar provided information on key financial areas such as monetary policy and research, payment systems, and Islamic finance. In an effort to reach out to the younger generation and educate them on saving, budgeting, and money matters, the MMA organised finance-themed art competitions in schools. The art made during the competition will be used in different MMA awareness programs. A finance fair was held in different schools to inspire students to learn about money matters, livelihoods and entrepreneurship. During the event, children took on the role of entrepreneur, which allowed them to learn about basic business concepts. Finally, a Youth Entrepreneurs’ Forum was held where participants were able to engage and learn from well-established entrepreneurs and be inspired by their success story.
2018 Maldives Global Money Week
LEADING ORGANISATIONS:
- Ghiyasuddin International School (GIS)
PARTICIPATING ORGANISATIONS:
- Amana Tkaful Maldives Pvt Ltd
- Bank of Maldives
- Capital Market Development Authority (CMDA)
- Maldives Monetary Authority (MMA)
- National Museum of Maldives
NUMBER OF CHILDREN REACHED DIRECTLY:
- 875
NUMBER OF PEOPLE REACHED INDIRECTLY:
- 1 025
Ghiyasuddin International School (GIS)
Throughout the Global Money Week 2018, the Ghiyasuddin International School along with partners reached nearly 900 students in the school through various events and activities. Students of Grades 1 to 3 participated in an art competition with the following themes: "Save", "Saving for…" and "How people earn money". The best five drawing from each grade were selected and awarded with a prize. Students in Grades 4 and 5 visited the National Museum of Maldives to learn about the history of Maldivian coins and currencies. After the visit, students presented about what they had learnt. Grade 6 students had an interactive session with the Bank of Maldives and leaned about the history of banking and the role banks play in our everyday life and economy. The Capital Market Development Authority (CMDA) spoke to Grade 7 students about the stock exchange and the role it plays in the economy. The Amana Tkaful Ltd Insurance Company hosted a session with Grade 8 students about the financial risks individuals and businesses face and the role insurance companies play in keeping people and businesses safe and how to compensate losses. Students in Grade 9 visited the Bank of Maldives to understand the role it plays in personal life, business life and in our economy. Further, students had the chance to see different currencies of different countries and learnt the important features and value of different currencies. Students in Grade 10 visited the Maldives Monetary Authority (MMA) and participated in an interactive session to understand their role in the economy. This included, was not limited to, learning about economic policies, minting coins and printing currency/notes, monitoring the currencies in the economy and learning about fake notes. Furthermore, the students were given a quiz to complete, to test what they had learnt during their respective activities.
2016 Maldives Global Money Week
LEADING ORGANISATIONS:
- Maldives Monetary Authority
PARTICIPATING ORGANISATIONS:
- Ministry of Education
- Capital Markets Development Authority
- Maldives Islamic Bank
- Bank of Maldives
- Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 600
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 600
The Maldives Monetary Authority collaborated this year with the Ministry of Education and the Capital Markets Development Authority to ensure an amazing Global Money Week for young children in Maldives.
Visits to the Maldives Monetary Authority were organised by the institution through students from various schools coordinated by the Maldives Ministry of Education. Eight schools were involved in these visits where students were able to learn more about financial concepts in a fun and engaging way. Participants were given the chance to learn more about the history of the Maldivian rufiyaa, the importance of starting to save at a young age and the role of the Authority in enriching young people to become strong financial managers of their own money. During these visits, representatives from the Capital Markets Development Authority were also present to talk about their role in encouraging young people to become entrepreneurs, the business leaders of tomorrow.
The Maldives Monetary Authority also worked closely with bank branches and the main offices of the Bank of Maldives and the Maldives Islamic Bank to organise joint activities in the city of Male. Within these activities, school children were invited to visit the bank branches where they had the opportunity to learn how to open a bank account, how to use it, and why they should have a bank account open as opposed to keeping their money at home. Sessions between children and executives from the Bank of Maldives were organised so that children could learn not only about the importance of savings, but also gain an understanding of the banking industry and career prospects within the banking sector.
2015 Maldives Global Money Week
LEADING ORGANISATIONS:
- Maldives Monetary Authority
- Maldives Ministry of Education
- Capital Market Development Authority
- Maldives Inland Revenue Authority
- Amãna Takaful (Maldives) PLC
- Maldives Islamic Bank (MIB)
- Allied Insurance Company of the Maldives
- Bank of Maldives
PARTICIPATING ORGANISATIONS:
- Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 2000
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 2000
As a follow-up to the impressive celebrations in 2014, the Maldives Monetary Authority took the initiative to lead the Global Money Week 2015 campaign. The Authority went beyond participating by also aiming to make the public more aware of the country’s financial sector and to nurture the culture of saving amongst children and youth. In order to achieve this goal, it collaborated with other government authorities and financial institutions to make the approach more holistic.
The Maldives Monetary Authority worked with the Ministry of Education to deliver activities directly to their targeted student groups. Activities were then supported by the Capital Market Development Authority and the Maldives Inland Revenue Authority.
On the other hand, financial institutions such as Amãna Takaful (Maldives) PLC, Maldives Islamic Bank (MIB), Allied Insurance Company of the Maldives, and the Bank of Maldives, co-facilitated and co-organised various activities during the week.
Creative and fun-filled activities which aimed to deliver the message about savings were organised throughout the week. Activities that were conducted as part of the celebration included a financial sector tour for primary school children, a financial quiz for secondary school children, class lessons on the importance of saving given to all schools in Male and greater Male, a bodyboarding challenge competition held to promote financial awareness in an activity that engages active participation among players, a fun financial futsel tournament engaging all of the financial sector where youth increased their awareness about the financial sector and the importance of saving, and a photo and video competition targeted at youth to showcase their creativity, promote financial literacy, and foster a culture of saving. Students from Billabong High and Kalaafaanu School were also invited by the Maldives Monetary Authority to visit the National Museum. During this visit, the children were informed about the history of aldivian money and the designs of the Rufiyaa banknote. The children were also involved in a lively discussion about how to use money wisely.
In an effort to reach out to the younger generation and educate them about the importance of saving and budgeting, the Maldives Monetary Authority organised finance-themed art competitions for first to fifth graders. The competition ran nationwide and the submitted artwork are now being used to promote social awareness programs.
2014 Maldives Global Money Week
LEADING ORGANISATIONS:
- Maldives Monetary Authority
- Ministry of Education
PARTICIPATING ORGANISATIONS:
- Schools
NUMBER OF CHILDREN REACHED DIRECTLY:
- 500
NUMBER OF CHILDREN REACHED INDIRECTLY:
- 500
In celebration of the Global Money Week 2014, Maldives Monetary Authority (MMA) and Ministry of Education organised several activities regarding the subject of financial education and inclusion. The events were held during the 10th-17th of March. Among the activities were an art competition for young children and an essay competition for youth. In addition to that, MMA also invited school aged children to learn more about the history of Maldivian money.
To create awareness among students about the Maldivian economy and to encourage them to be analytically involved in current economic issues, the Maldives Monetary Authority (MMA) organised an essay competition aimed at youth. The winning essay was published by the MMA. The competition focused on 3 age categories, namely 10th graders, A-level diploma students and bachelor degree students.
In an effort to reach out to the younger generation and educate them about the importance of saving and budgeting MMA organised a financial-themed art competition 1st – 5th graders. The competition ran nationwide and the submitted artwork is now being used to promote MMA’s social awareness programs.
Students from Billabong High and Kalaafaanu School were invited by the MMA to visit the National Museum. During this visit, the children were informed about the history of Maldivian money and the designs of the Rufiyaa banknote. The children were also involved in a lively discussion about how to use money wisely.