Global Money Week

2017 Azerbaijan Global Money Week

Leading Organizations:
Central Bank
Ministry of Education

Participating Organizations:
Central Bank
Ministry of Education
Saving Banks Foundation for International Corporation (SBFIC)

Number of children reached directly: 180
Number of children reached Indirectly: 400

During the GMW 2017, financial literacy awareness sessions were offered to children in kindergartens and schools. The sessions included school visits, savings games, competition-based workshops for university students “Financial literacy: a road to the professional career”, a workshop for secondary school teachers who teach Life Skills, and a hashtag contest on the Facebook.

Children in kindergartens and secondary schools learned about money and its history, its importance in our daily lives and how to effectively use pocket money and save for future needs. On the other hand, the “Savings” game was very popular among university students and aroused their interest throughout the country.

The competition-based workshops for university students “Financial literacy: a road to the professional career”, offered by CBAR, have become a tradition. Considering a huge interest of students, another round of trainings was offered this year together with financial institutions on board.

In addition, a hashtag contest was held on the Facebook account of the Financial literacy project. The competition was open to all Facebook users. Participants were asked to writing a post about financial literacy with a #GMWAzerbaijan2017 hashtag. Authors of the most liked and creative posts were chosen as winners. The winners were awarded prizes at the Central Bank.

As in previous years, financial education workshops were organised for Life Skills teachers with the support of the Institute for Professional Development of Pedagogical Staff.

Last but not least, the Reliable Future Youth Public Union, an NGO based in Azerbaijan, an Aflatoun’s partner, organized 3 events during the Global Money Week in which parents and teachers participated too. They included workshops and group games. The goal of these events was to increase and improve participants’ knowledge and skills in financial literacy.


2016 Azerbaijna Global Money Week

Leading Organizations:
Central Bank
the Saving Banks Foundation for International Corporation

Participating Organizations:
Ministry of Education

Date of the event:
14th - 20th of March

Total number of children & youth engaged: 4 080
Total indirect reach: 4000

The following events and activities were carried out during GMW2016 in Azerbaijan.

  • School visits - presentations on the national coins and banknotes, as well as the history of and interesting facts about the national currency were made. In addition, animations about security features of each banknote were shown. Educational games (based on demonstrated animations) were played with the schoolchildren and the winners were presented with awards.

On the official Facebook page of the Financial Literacy project:

  • A fill-word game dedicated to economic and financial concepts was played.

  • A Banknote game about the security features of the national banknotes was played.

  • A “Q&A” competition was carried out - it was comprised of 10 questions related to the financial literacy. Every day, two questions were posted and the person posting the full correct answer first was considered a winner.

  • Awards ceremony - at the end of the week, winners of the various games and competitions were invited to the Central Bank and awarded for their efforts.

2015 Azerbaijan Global Money Week

Participants:
Central Bank of Azerbaijan
Ministry of Education Azerbaijan
Date of the event:
12th, 13th, 16th, and 17th of March
Number of children reached:
130

The Center for Research and Development of the Central Bank initiated Global Money Week 2015 for secondary school kids within the Financial Literacy project. As part of the GMW 2015 events the Central Bank invited a group of school children from Baku European Lyceum to visit the Treasury of the Central Bank. The children got themselves familiarized with the Treasury, its modern infrastructure, storage of cash, its transportation and processing processes. Moreover, the children attended a workshop where they were provided with more information on national currencies, the symbols imprinted in them and their security features.

During the visits to secondary schools No. 126 and 160 the children were informed on the “Global Money Week”. In addition, presentations on “Know your money” and “10 interesting facts on money” were held for school kids. During an interactive presentation titled “Know your money” kids found out more about the symbols and pictures, as well as security features embedded into the national banknotes. The other presentation called “10 interesting facts on money” provided kids with information on history of creation of money and interesting facts that schools kids need to know about coins and paper money. At secondary school No. 160 children of upper secondary classes held discussions among each other on role of money in a modern society, savings, investment and etc., and they were shown interesting short films related to the discussed topics. At the end, kids who were active during the Q&A session were given gifts.

IV grade students of school # 220, the Baku city teleconferenced with their peers from Jono Pauliaus gymnasium of the Kaunas city, Lithuania within the framework of this year events. Students showed our national currency to their Lithuanian peers, explaining the meanings of symbols on national banknotes of various denominations. Students asked questions on daily pocket money, saving and spending, and introduced cashboxes to one another. Students of schools # 31 and 26, the Sumgait city also spoke with their peers from the high school named after Stoyan Novakovich in the Blase city, Serbia via teleconference. First, students informed one another on their countries and national currencies. Further, Serbian students gave presentations about Serbian coins of the XII-XX centuries. In the end, Azerbaijani students shared social messages about the rational use of money, functions of money, and saving with their peers. The language of the both teleconferences was English.

 

2014 Azerbaijan Global Money Week

Participants:
Central Bank of Azerbaijan
Reliable Youth Future
Ministry of Education
Date of the event:
17th of March
Number of children reached:
64

An art exhibition for school children was organized for Global Money Week by the Central Bank of Azerbaijan (CBAR), the Ministry of Education and the Reliable Future Youth Organization. The exhibition featured paintings related to financial literacy by Azerbaijani youth. The event involved 64 school children from 26 secondary schools located in Baku, the capital city of Azerbaijan. The objective was to increase the financial literacy level of the children, to encourage effective and proper use of personal budgets by the younger generation, to develop money saving and spending skills, establish long-term planning incentives among the youth, allow them to discover their artistic and crafting abilities and to give broad publicity to the CBAR’s Financial Literacy Project as well.

A special event was dedicated to the announcement of competition results and awards at Park Boulevard Trade Center, Planetarium Hall. The main stakeholders such as relevant NGOs, Savings Banks Foundation for International Cooperation (SBFIC) were invited to the event and press releases were distributed to mass media representatives prior to the beginning of the exhibition. The event consisted of 3 parts. Firstly, representatives of the CBAR, Ministry of Education and Reliable Future Youth Organization congratulated the participants, wished them success for the future and gave them savings tips. Apart from the winners, the active participants of the event were given diplomas and gifts. The winners of the first 3 places were given special gifts and diplomas from the CBAR. In the second part of the event, the guests and children viewed the artwork created for the exhibition. Lastly, the management of the Planetarium Hall organized a film-show for children and their parents.

This year’s event was such a success that Azerbaijan already has plans in place to include school students from the whole of the country to participate in this creative financial literacy event.

 

2013 Azerbaijan Global Money Week

Name of organizing entity - Central Bank of the Republic of Azerbaijan
Partners - Aflatoun Child social and Finance Education
Date of the event - 18th of March
Press - Trend.az; Aflatoun blog piece; News.az
Number of children reached - 40

Fifteen students visited a bank for the first time during Global Money Week. During their visit of the Treasury of the Bank, they expressed surprise and wonder when they saw the Treasury full of money. On the 18th of March the attending students showcased the most interesting pictures they had created in the exhibition ‘‘Money and Banking‘‘. Representatives of the Central Bank, Pasha Bank, Sparkassenstiftung für internationale Kooperation (Savings Banks Foundation for International Cooperation), Reliable Future Youth Organization, parents and teachers also took part in this event organized for children.

The event opened with a speech by the Deputy Director of the Development Department Central Bank of Azerbaijan Republic, Natavan Mammadova. Winners of the exhibition were awarded prizes during the ceremony.

The day continued with a presentation by representatives of the Central Bank on the history of money, banking, banking structure of the world and the creation of the first monetary currency.

After the presentation, the children were invited to a guided tour of the Central Bank and the Treasury that concluded with representatives of the Central Bank thanking the children for their participation and wishing them good luck in the future.

This event showed that the children are interested in financial education. After the event, many children shared their preferred choice of profession in the future.

“Money is indispensable introduction of my future.”

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