2017 Dominican republic Global Money Week
- Leading Organizations:
- Banco Central de la República Dominicana
- Banco Ademi
- Participating Organizations:
- Direccion General de impuestos internalesl
- Ministries of Finance
- Industry and Commerce
- Nacional Statistics Bureaou
- Superintendents of Banks
- Aeropuerto internacional del Cibao
- Empresas de Zonas Francas
- Banco Popular
- Grupo Ramos
- Savings associations
- Loans and Credit
- Commercial Banks
- Educational Centers
- Media Communication
- Insurance and Securities
- Supermercados Olé
- Colegios, Liceos, Centros Educa
- Leading Organizations:
- Central Bank of the Dominican Republic
- ADOPEM, Argentarium, Asociación Cibao de Ahorros y Préstamos, Asociación de Bancos Comerciales (ABA), Asociación de Instituciones Rurales de Ahorros y Créditos (AIRAC), Asociación La Nacional de Ahorros y Préstamos, Asociación la Vega Real (ALAVER), Asociación Popular de Ahorros y Préstamos, Aula Hispana, Banco ADEMI, Banco BHD-León, Banco Caribe, Banco de Reservas, Banco del Progreso, Banco Popular, Banco Unión, Banesco, Bolsa de Valores de la República Dominicana, CAPGEFI/Ministerio de Hacienda, Centro de Exportación e Importación (CEIRD), Children International, Ciencia Divertida, Ministerio de Industria y Comercio, Progresando con Solidaridad/Vicepresidencia de la República (PROSOLI), Superintendencia de Bancos, Superintendencia de Pensiones, Superintendencia de Valores, Visa, Aflatoun, Children International - Republica Dominicana (Aflatoun Partner)
- Date of the event:
- 14th - 20th of March
- Total number of children & youth engaged: 4 250
- Central Bank of the Dominican Republic,Bancos Popular, Banco BHD-León, Banco de Reservas, Banesco, Banco del Progreso, Banco Ademi, Banco de Desarrollo Industrial (BDI), Adopem, Superintendencias de Bancos, Superintendencia de Valores, Superintendencia de Pensiones, Asociación La Nacional de Ahorros y Préstamos, Asociación Popular de Ahorros y Préstamos, Asociación La Vega Real de Ahorros y Préstamos (ALAVER), Asociación Cibao de Ahorros y Préstamos, Asociación de Bancos Comerciales (ABA), Ministerio de Industria y Comercio (MIC), Oficina Nacional de Estadísticas (ONE), Children International, Centro de Capacitación en Política y Gestión Fiscal (CAPGEFI) del Ministerio de Hacienda,Vicepresidencia de la República, a través de su programa Progresando con Solidaridad (Prosoli), Ciencia Divertida, Peképolis, Argentarium, SigSim
- Date of event:
- 9th - 17th of March
- Number of children reached:
- 3 000
- Banco del Progreso
- Banco Ademi
- Banco Popular
- Asociación La Nacional de Ahorro y Préstamos
- Asociación de Bancos Comerciales de la R.D
- Asociación Popular de Ahorros y Préstamos
- Asociación Cibao de Ahorros y Préstamos
- Minister of Industry and Commerce
- Banks Supervisory Authority
- National Office of Statistics
- Central Bank of Reserves
- Banco Peravía
- Children International
- Date of the event:
- 10th – 14th of March
The Central Bank of the Dominican Republic (BCRD), in its purpose of serving the country, assumed as an additional dedication to its duties linked to the maintenance of macroeconomic stability on helping citizens understand the main economic and financial concepts that affect them on their daily life. The purpose is that when they get information related to these areas, they have learned to interpret the data, the variations and their consequences, so that they acquire the best criteria to make their own decisions.
With this as an objective, the Aula Central was established, which is in an initiative based on the social institutional responsibilities of the BCRD. It attributes the rights of citizens to receive economic and financial information that serves as a mean for their administrative development. The training activities that are basis for the Aula Central (Central Classroom) programs connect to the duty of creating an economic and financial culture in the Dominican Republic that improves its citizens quality of life
The BCRD, in collaboration and co-ordination with Child and Youth Finance International, carries out this event every March to promote the development of economic and financial education in the Dominican Republic, as well as financial inclusion at all social levels. During this week, the BCRD, together with various public and private institutions, associations and commercial banks, will expose their projects and achievements at an interinstitutional fair. Additionally, educational talks and dynamics are carried out, visits to the Museo Numismático y Filatélico (Numismatic and Philatelic Museum), providing an educational area for children. In the framework of the activities, a 'Workshop on Economic and Financial Journalism' is also offered to journalists.
Furthermore, institutions like Banco Ademi will also be promoting financial education by offering workshops for both children, young people and adult. Likewise, ADOPEM NGO will promote the program of financial education that they develop, the facilities offered and the execution of programs, projects and activities of training, entrepreneurship and human development.
The activities to be carried out in their stand will promote the different products and services they offer, mainly MIA and EDUCA-T children's account. Also, Savings Account, information of the courses and project center training, video placement and Financial Education spaces, that will be broadcasted all day on the screens designed for this instructive and material purpose.
During the visits students and the public will engage in playful and dynamic activities that will make financial education more different and entertaining. Lastly, JADOM will hold workshop for female entrepreneurs as well business simulation workshops and the young popular banker competition.
2016 Dominican Republic Money Week
Mr. Hector Valdez Albizu, Governor of the Central Bank of the Dominican Republic, inaugurated Global Money Week 2016 in the country. In his speech, he stressed the importance of contributing to economic education and financial inclusion, especially for the children and youth of the country. He reiterated the commitment of the Central Bank to provide continued support for initiatives undertaken in this direction.
This year's Global Money Week in the Dominican Republic was not short of creativity, one of the trademarks of this Caribbean nation. GMW activities included: Money Detective, a game aimed to teach children and youth about the importance of recognizing legitimate money and knowing the characteristics of the local currency, el peso. Children and youth learned about variations of prices and other macroeconomic indicators in the Inflation Laberynth, and had the opportunity to showcase their economic knowledge in an Economic Trivia game where they learned about, amongst other things, inflation, balance of payments and the currency exchange market. All of these activities, and many more, were part of what the Central Bank of the Dominican Republic and its allies prepared for the third edition of Global Money Week in the country.
Children and youth alsp learned about the monetary policy in the Dominican Republic by playing interactive games in a specially designed game-hall at the bank, and also took a guided tour of the Numismatic and Philatelic Museum. Furthermore, for the second consecutive year, activities were conducted at the Central Bank's Regional Office in Santiago and included workshops, games and a theater play.
2015 Dominican Republic Money Week
Global Money Week which is also celebrated as the Economic and Financial Week was celebrated with great fervor. The Central Bank brought together 26 public and private institutions from the economic and financial industry during the 205 celebrations. This was an increase from 2014 when the number of participating organizations was 18. Every day, 600 people, including children, youth and adults, participated in 50 activities organized.
Mr. Hector Valdez Albizu, Governor, the Central Bank of the Dominican Republic, inaugurated 2015 Global Money Week. In his speech, he stressed on the importance of contributing to economic education and financial inclusion, especially for the children and youth of the country. He reiterated the commitment of the Central Bank to provide continued support for initiatives undertaken in this direction.
He also presented the progress made by the Working Committee for the formulation of the National Strategy for Economic and Financial Education. The first phase saw the publication of the National Survey of Economic and Financial Literacy.
During the week, there were varieties of activities held for people from all ages. Lectures explaining mission of the Central Bank, inflation, payment systems, financial system, the National Currency and personal finance were conducted. The participating institutions also organized talks on savings, the development of SMEs, entrepreneurship, and inclusion of disabled people into the financial system, among others. A children’s area was created during fair where the played Financial Bingo. Both these new initiatives were well received and widely appreciated.
Children and youth learned about the monetary policy by playing interactive games in a specially designed game-hall at the bank. They also went on a guided tour to the Numismatic and Philatelic Museum and watched an economic cinema. Many activities were for the first time conducted at the Regional Office of Santiago.
The closing ceremony witnessed two major events. One, the graduation ceremony was held for the 540 teachers who were taught economics and finance in 2014 by the Central Bank of the Dominican Republic. And, two a panel discussion on “The progress and challenges of economic and financial education” was conducted where executives from various organizations participated. The events received an outstanding response from the participants and the press.
2014 Dominican Republic Money Week
A host of activities took place in Dominican Republic during Global Money Week thanks to a multi-stakeholder effort from: Banco del Progreso, Banesco, Banco Ademi, ADOPEM, Banco Popular, Asociación La Nacional de Ahorro y Préstamos, Asociación de Bancos Comerciales de la R.D., Asociación Popular de Ahorros y Préstamos, Asociación Cibao de Ahorros y Préstamos, Minister of Industry and Commerce, Banks Supervisory Authority, National Office of Statistics, Central Bank of Reserves, Banco Peravía, Children International, and national advisor and business celebratory Alejandro Fernández W.
Activities during Global Money Week in the Dominican Republic included different workshops, games, a financial fair and more! The Central Bank put together a series of lectures explaining its role in the country’s economy. Children and youth learnt about monetary policy by playing interactive games in a specially designed game-hall at the Central Bank. Children then had a chance to join a guided tour of the Money Museum. During this fun activity they had the opportunity to see the permanent numismatic and philatelic collection of the Central Bank.
The older youth from 38 schools and colleges toured the Financial Fair which showcased what is currently being done in the area of economic and financial education in the Dominican Republic. Each of the organizations participating on the initiative had a informative and interactive stand to inform children and youth about their financial education project or programs Youth could then engage their knowledge in entrepreneurial experiments in one of the several entrepreneur themed workshops. Other workshops held during the week focused on topics such as the payment system, inflation, savings for children and youth, the smart use of credit products and services, the history of Dominican Republic bills and coins, economic journalism and how to take care of personal finances.
Children International’s field office in the Dominican Republic hosted a variety of activities in celebration of Global Money Week and Aflatoun Day. This included a visit to the Central Bank of the Dominican Republic with 50 children and youth and seven adults, who participated in the activities planned by the Central Bank including lessons on the systems of the bank, entrepreneurship, savings, and inflation.
Youth also participated in the International Aflatoun Skype calls with other children and youth from Mexico, Colombia and Brazil. Other activities that took place throughout the week included piggy bank making, the presentation of a play on savings, story making and storytelling about the importance of saving water, and discussions with children, youth and community members on topics such as savings and children’s rights. In order to promote financial education with a wider audience, Juana Fabían, the Aflatoun Facilitator in the Dominican Republic, appeared on a television show to discuss Global Money Week and the Aflatoun program.
2013 Dominican Republic Money Week
Name of organizing entity - Banco Central de la República Dominicana, Banco ADOPEM; Date of the event - 15th of March; Number of children reached - 1 000;
“The Central Bank is carrying out a program of economic and financial education called Central Hall, by which seeks to explain, simply and clearly, the economy and finance. That will help, we believe, to make people understand better the economic measures taken by the Government, and can weigh them in their proper perspective, judiciously, with knowledge, with complete and timely information.” Luis Martín Gómez (representing Central Bank Governor Hector Valdez Albizu)
The Central Bank of the Dominican Republic, through its project “Aula Central” for economic and financial education celebrated the Global Money Week with the participation of 300 volunteers and 1000 children and youth from public and private schools in the country. The welcoming remarks were made by the Director of the Communications Department of the Central Bank, Luis Martín Gómez, representing the Governor Hector Valdez Albizu, who stated the importance of economic and financial education to society, especially for children and youth.
Schools that attended the activity were Pan American Union UTESA, Santa Teresita, Saint Jude and Saint George. In addition, high schools and U.S. Mauricio Báez, San Juan Bautista school, the National School of Arts and Crafts, the educational community and the Foundation Lux Mundi Aflatoun-Children International.
During the activity, participants attended lessons on inflation, the payments system and bank notes in the Dominican Republic, and ended with a tour of the Money Museum of the Central Bank. In addition, they received books on inflation and a collection on childhood financial education to enlighten young people on issues relating to the economy. ADOPEM celebrated Global Money Week with a savings awareness activity which engaged children and youth.
Within a colored platform area children and youth were gathered and participated in an interactive mini lecture on the importance of saving, practical savings tips, and the motivation for this culture. The MIA Savings Plan with practical examples was presented. Children were given the opportunity to put their names to their dreams and goals which could motivate them towards savings.