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2018 Maldives Global Money Week

LEADING ORGANIZATIONS:

  • Ghiyasuddin International School (GIS)

PARTICIPATING ORGANIZATIONS:

  • 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 learned. 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 learned 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 learned during their respective activities.


2016 Maldives Global Money Week

LEADING ORGANIZATIONS:

  • Maldives Monetary Authority

PARTICIPATING ORGANIZATIONS:

  • 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 organized 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 organize 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 organized 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 ORGANIZATIONS:

  • 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 ORGANIZATIONS:

  • 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-organized various activities during the week.

Creative and fun-filled activities which aimed to deliver the message about savings were organized 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 organized 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 ORGANIZATIONS:

  • Maldives Monetary Authority
  • Ministry of Education

PARTICIPATING ORGANIZATIONS:

  • 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 organized 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) organized 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 organized 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.