2017 Moldova Global Money Week
- Leading Organizations:
- National Bank of Moldova
- Participating Organizations:
- Ministry of education
- Institute of Education Sciences
- European Fund For Southeast Europe (EFSE)
- Fiscal Monitor FISC.MD
- State Tax Service
- National Commission for Financial Markets
- Moldova Stock Exchange
- microfinance organizations
- commercial banks
- Moldova Agroindbank
- State Enterprise “Fiscservinform”
- insurance companies
- Number of children reached directly: 2 100
- Number of children reached Indirectly: 4 200
Global Money Week 2017 marked the 5th year that the National Bank of Moldova has participated in the GMW celebrations. During the Week, the National Bank of Moldova conducted several activities with the support of the European Fund for Southeast Europe and in partnership with the Institute of Education Sciences and Ministry of Education. Thus, almost 400 children, accompanied by their teachers, visited the National Bank of Moldova during the Global Money Week. Pupils were involved in interactive games, being placed in real-life financial decision making situations, similar to those of adults. Thus, children learned how a bank operates, how to manage their own money and how to make financial decisions. For older pupils, the National Bank of Moldova organized an interactive seminar entitled "My business", during which students were asked to draw up a business plan. Additionally, the young visitors were invited to the exhibition hall of the National Bank of Moldova, where they had the opportunity to learn about the history of the national currency.
The commercial banks were also actively involved in organizing activities during the Global Money Week. The majority of commercial banks arranged “Open Doors Days”. During these days, bank employees explained to the children and youth how a commercial bank works, what products and services the banks offer, how to form a budget, how to plan and effectively manage your money and about the risks arising from money management. At the same time, through this campaign, the bank sought to arouse the interest of children and youth in topics related to the banking field and to cultivate the spirit of saving.
Comertbank also participated in the Week by organizing a seminar at the Academy of Economic Studies of Moldova entitled “Republic of Moldova’s banking system - theoretical and practical aspects”. During this seminar, various topics were addressed such as analysis of new products on the banking market, risks posed to the banking system and methods of their analysis, combating money laundering, terrorist financing and more. Furthermore, the Academy of Economic Studies of Moldova, in partnership with EuroCreditBank, Fiscal Monitor FISC.MD, the State Tax Service and State Enterprise “Fiscservinform” conducted a contest entitled "Radiography of the Moldova's economy from the perspective of tax administration. Studies of economic and financial analysis." involving five teams of students.
Specialists from Energbank also organized informative and educational seminars for pupils at a lyceum from Chisinau. The bank employees shared their professional experience and taught the pupils about the history of money, the role of money, saving, the banking system within the country and more.
Experts from Moldova Agroindbank held financial education classes in several lyceums from Chisinau, sharing their professional experience. Moldova Agroindbank’s representatives gave a presentation to pupils and teachers about banking products and services, the steps required for accessing a loan or a deposit, saving and investment opportunities, the advantages of bank cards and cash payments and more. The pupils and teachers showed interest in topics such as opening a bank account, money transfers, lending conditions, interest rates on deposits, the opportunities offered by internet banking and more.
Moldindconbank organized a seminar in a lyceum from Chisinau where topics such as “What is a commercial bank?”, “How is realized the link between customers and banks?”, “How can you save through bank deposits?”, “Loans, bank cards - modern payment tools”, online banking and offers for youth were discussed. The financial education lesson ended with a contest of knowledge evaluation. Also, pupils received printed materials on the topics covered by the seminar with the purpose of more easily assimilating the given information.
Victoriabank offered children the chance not only to sit in classes and to listen theory related to financial education, but also the opportunity to see and use a machine for counting money, to engage in discussions about the benefits of a credit card and to admire a commemorative coin issued by the National Bank of Moldova. At the end of the seminar, the pupils had the possibility to create a management plan for their own budget.
Representatives from the National Commission for Financial Market (NCFM) arranged a financial education lecture for 9-12 grade pupils from a lyceum. Pupils were informed about the place and role of NCFM in the development of the non-banking financial market, the history of the first joint-stock companies and the first stock exchange, the largest stock exchanges in the world and the most valuable listed joint stock companies.
The Stock Exchange of Moldova also organized an Open Doors Day. The visitors learned about the establishment and development of the domestic capital market, the activity of the market operator and system operator "Moldovan Stock Exchange", the rules and mechanisms for trading, investing and financing methods on the capital market.
Certain microfinance organizations organized visits for pupils to their premises, as well as seminars held by employees for pupils of different ages at various lyceums. The pupils learned about the notion of credit and how it works, as well as what actions they can take now in order to earn and save money for the future.
Furthermore, an insurance company arranged an employee visit to a university. The experts presented an overview of the insurance activity, the categories of insurance, insurance forms and types of insurance products.
2016 Moldova Global Money Week
- Leading Organizations:
- National Bank of Moldova
- Participating Organizations:
- Ministry of Education
- European Fund for Southeast Europe (EFSE)
- Educational Centre “Quo Vadis”
- MOLDOVA - AGROINDBANK
- Banca de Finanţe şi Comerţ
- Banca Comercială Română Chişinău
- EXIMBANK - Gruppo Veneto Banca
- MOBIASBANCĂ - Groupe Societe Generale
- Academy of Economic Studies of Moldova
- Free International University of Moldova
- State University of Medicine and Pharmacy “Nicolae Testemitanu”,
- Technical University of Moldova
- Trade Co-operative University of Moldova
- Comrat State University
Ungheni Agro-industrial College
- Business Academy for Children and Adolescents “Prospera”
- Agence Universitaire de la Francophonie (AUF)
- Date of the event:
- 14th - 20th of March
- Total number of children & youth engaged: 1 929
- Total indirect reach: 65 290
During Global Money Week 2016, the National Bank of Moldova organized seminars for teachers, city guides and for pupils at its headquarters. The seminars for teachers and pupils were organized with the support of the European Fund for Southeast Europe (EFSE). An interactive game on financial subjects was developed in collaboration with the Educational Centre “Quo Vadis” and was played during the GMW seminars for pupils. The materials and accessories used in the game were similar to those used in banks, agreement centers and shops, which contributed to a better understanding of the financial subjects by children in an interactive and interesting manner. With the assistance of EFSE, a booklet for children was also produced entitles “A travel in the money world”. The booklet includes information on money history, roles and features and more. A number of 385 booklets were distributed to children and teachers (trainers) to be used in their homeroom classes.
The commercial banks were very active in promoting various activities and events during GMW. One bank invited a group of 28 children of 5-7 years to take a tour of the bank’s head office to show them how the employees of the banks are doing their jobs and to teach them about out how the money system works. The children were excited to see a real cash counting machine. Also, the bank’s employees asked the children about banking cards, banknotes and the history of money; the discussion was very entertaining and informative. Also, in order to support the Financial Education Program, a commercial bank launched a new type of bank deposit “Young”.
Another commercial bank organized financial education lessons for teaching staff, pupils and students. These lessons included various themes related retail banking activities, such as: cards, loans, deposits, remote services (Internet Banking, Mobile Banking, SMS banking), 24/24 zones, self-service centers and multifunctional ATMs. The participants were informed about the characteristics of products and services offered by the bank. At the end of the presentation, the participants were involved in a dynamic discussion about the bank's products. It is important to mention that participants had high interest to the innovative services offered by the bank, such as: direct charging from ATM, loans with the grace period, American Express (new banking product on the market), Gold and Platinum cards and more. During GMW, the bank’s team visited several educational institutions from Chisinau such as State University of Medicine and Pharmacy, Technical University of Moldova, and more.
During GMW, another commercial bank organized an “open lesson” on the banking products amongst the children (aged between 8—14 years old) of their employees; a trip to the central office of the bank was organized especially for them. The children became acquainted with all the subdivisions of the bank and they monitored the work of the cashiers. However, this time, the children were on the other side of the cash desk. The children were told about the work process within the bank and they were presented with several samples of commemorative coins.
As part of the GMW event, a bank arranged an Open Doors Day for students in its branches, where the students had the chance to learn about the functioning of the bank in more detail. This event took place in many cities of Moldova such as Chisinau, Ialoveni, Balti, Comrat, Ciadir-Lunga, Ungheni, Floresti, Cahul, Riscani, Drochia, Rezina, Anenii Noi, Orhei. The bank organized financial education lectures for students in the educational institutions in the cities Comrat and Ungheni. The bank representatives also visited the universities in order to offer students lessons on basic finance, budgeting saving saving. The children who attended these events learned about savings, loans, cards and other bank products, as well as about how to deal with money, make it useful and achieve their goals.
During the activities organized by another commercial bank, the participating children learned about the history of money, the ancient forms of money, about the National Bank of Moldova (the role, basic functions, etc.), about the commercial banks (the types of operations that can be performed, who work in banks, etc.), about the history of Moldovan Leu, about the banking products and services, about how to spend money rationally and about the future of money.
In the same period, one commercial bank, as a partner of Circus from Chisinau, gave children the possibility to color the pictures provided by the bank before every circus show and encouraged children, along with parents, to participate in the promotional campaign with the chance to win a guaranteed prize (branded bag) simultaneously with opening a deposit account. Another commercial bank issued banking cards for youth during GMW.
At the Free International University of Moldova (ULIM), 100 French speaking students from eight universities around the country, members of the “Agence Universitaire de la Francophonie” (AUF), had the opportunity to meet and discuss with the president of a commercial bank. The event was part of a series of activities traditionally organized by AUF and the commercial bank under a long-term collaboration between the two institutions. Also, the commercial bank, in cooperation with the Academy of Economic Studies of Moldova (ASEM), organized a roundtable discussion entitled "Training bankers - 25 years of modernization". The main objective of the event was the adjustment of the teaching process and methodologies of young specialists according to the banking market demands, and setting a long term cooperation with educational institutions.
“It was a real challenge for our institution to take part in Global Money Week. It’s unusual for bank employees to see children walking around the offices, but it was an extraordinary experience for them and we’re happy that our team made it happen.” Representative of a commercial bank, Moldova
“We’re very grateful to the bank employees for guiding us and for all the activities they organized. It was very informative and even relaxing for children to learn from question and answer games. We hope this event will continue the next year.” Participating youth, Moldova
“I will apply this in my homeroom classes.” Participating youth, Moldova
2015 Moldova Global Money Week
- National Bank of Moldova
- National Commission for Financial Market
- Institute of Educational Sciences
- Ministry of National Education - Moldova
- Commercial Banks in Moldova are participating
- Date of event:
- 9th - 17th of March
- Number of children reached:
The National Bank of Moldova led the organization of 2015 Global Money Week celebrations in Moldova. Trainings were held for teachers of financial education, supported by the European fund for South-East Europe. Kindergarten children learned about financial and social education. Children and youth of different ages visited the National Bank where they learned about how central banks work. A national competition, sponsored by the National Bank, for the best story or poem on financial matters was held. The winner of the competition was awarded with a commemorative coin from the National Bank’s collection.
At the request of the National Bank of Moldova, the commercial banks were encouraged to join the Global Money Week celebrations. Commercial banks examined the possibility of implementing a SchoolBank project in the Republic of Moldova. Meetings were held with schools around the country to establish the collaboration mechanism that could be used. Furthermore the banks organized a series of activities contributing to the promotion of financial education for children and youth in the country.
The National Commission for Financial Markets (NCFM ) organized an ‘Open doors day’ in which workshops explaining the role of the commission were explained. Volunteers from the NCFM created workshops for students on thematics related to non-banking financial markets matters. Students from the Financial-Banking College visited institutions from the non-banking financial sector and had the chance to meet with financial specialists and to understand how financial markets work.
2013 Moldova Money Week
Name of organizing entity - Ministry of Education Moldova; National Bank of Moldova; Indigo Center; Partners - National Bank of Moldova, National Commission of Financial Market, Moldova Stock Exchange, Radio din Moldova; Date of the event - 15th – 21st of March; Number of children reached - 9 500; Press- Jurnaltv.md; CapitalMarket.md; CapitalMarket.md; Radiochisinau.md; Radiochisinau.md; Trm.md; Infomarket.md; NewsPoint.md; Yam.md; Interlic.md; Bnm.md; website of the Ministry of Education
The representatives from Radio Moldova were so impressed after the discussions with children during the National Company on financial issues that they will hold another Company on financial issues next month to ensure the input of children.
Children and youth from 17 districts of Republic of Moldova were included in financial education activities: children from mainstream schools, Centers and boarding schools, students from Police Academy of Moldova. During Global Money Week children and youth in Moldova had the opportunity to celebrate with:
- Visits to the National Bank of Moldova – Children and youth for the first time visited National Bank of Moldova;
- Visits to banks and other financial institutions such as the Moldova Stock Exchange, International Insurance Companies;
- Workshops and interactive lessons in schools, centers and Police Academy of Moldova with the representatives of the Banks and the representatives of the National Commission of Financial Market;
- Global video-chat, youngsters from five educational institutions connected via video to share their experiences;
- Performance on financial issues: children participated at a special performance on financial issues produced specially for Global Money Week;
- Exhibitions – Children had the opportunity to display their piggy banks, handicrafts and projects in interactive exhibitions at the National Bank;
- Learning from the market – a fair was organized by children where the crafts they produced were donated to Children’s Cancer Center;
- Company on financial issues initiated by RadioMoldova;
“I am saving for difficult days.” - Child, age 9
“I will postpone the purchasing of the doll for the next year. It is not a priority for me today.” - Child, age 5