Global Money Week

2017 Maldive Global Money Week

Leading Organizations:
GHIYASUDDIN INTERNATIONAL SCHOOL (GIS)

Participating Organizations:
Maldive Monetary Autority (MMA)
MALDIVES STOCK EXCHANGE

Throughout the Global Money Week 2017, the GIS along with partners’ plans to reach 800 children and youth. GIS will invite The Maldives Monetary Authority to hold a session on making them aware the role and work of MMA.

During the GMW 2017, financial literacy awareness sessions will be offered to children, youth and for adults; which will include sessions for understanding the role of Maldives Stock Exchange .

Furthermore, throughout the Week, young people will be able to engage themselves at the GIS Gallery exhibitions to explore the history of money used in Maldives, role of Maldives monetary authority, banks, businesses and other financial institutions .


2016 Maldives Money Week

Leading Organizations:
Maldives Monetary Authority
Organisation name

Participanting Organizations:
Ministry of Education
Capital Markets Development Authority
Maldives Islamic Bank
Bank of Maldives

Date of the event:
15th - 17th of March

Total number of children & youth engaged: 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 who will be 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. In 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 Money Week

Participants:
Maldives Monetary Authority
Ministry of Education
Capital Markets Development Authority
Maldives Inland Revenue Authority
Amãna Takaful (Maldives)
Maldives Islamic Bank
Allied Insurance Company of the Maldives
Bank of Maldives
Date of the event:
9th - 17th of March
Number of children reached:
2 000

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 also organized throughout the week. Activities that were conducted as part of the celebration included:

  • Financial sector tour for primary school children
  • Financial quiz for secondary school children
  • Class lessons on the importance of saving given to all schools in Male and greater Male
  • Bodyboarding challenge competition held to promote financial awareness in an activity that engages active participation among players
  • Fun financial futsel tournament engaging all of the financial sector where youth increased their awareness about the financial sector and the importance of saving
  • 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 Maldivian 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 Money Week

Participants:
Maldives Monetary Authority
Ministry of Education
Date of the event:
10th - 17th of March
Number of children reached:
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.

 

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