Global Money Week

2017 Hungary Global Money Week

Leading Organizations:

Ministry of Human Capacities, Ministry of Human Capacities, Ministry for National Economy, Ministry for National Economy, Money Compass Foundation, Hungarian Banking Association, Hungarian Banking Association, Junior Achievement Hungary,


Participating Organizations:
Government institutions:
Ministry of Human Capacities, Ministry of Human Capacities, Ministry for National Economy, The Central Bank,
NGOs:
Money Compass Foundation, Hungarian Banking Association, Hungarian Banking Association, Junior Achievement Hungary,
Financial institutions:
Budapest Stock Exchange Ltd. Budapest Stock Exchange Ltd. MKB Bank Ltd. OTP Bank Plc. ERSTE Bank Hungary Ltd. K&H Group, Raiffeisen Bank Ltd. UniCredit Bank Hungary Ltd. Budapest Bank Group, GRÁNIT Bank Ltd. FHB Group, Magyar Cetelem Bank Ltd. / BNP Paribas Personal Finance, MagNet Bank Ltd. CIB Group /Bank of Intesa Sanpaolo Group, Cofidis Bank Ltd. Fundamenta Ltd. Pioneer Investments,
Universities:
University of Miskolc,


The objective of Pénz7, organised within the framework of the European Money Week and the Global Money Week in Hungary, is to encourage young people to handle their financial affairs more consciously, and to be more familiar with the way the economy and the financial world function. The programme is supported by ministries and financial market participants. In 20176 the financial subjects of the programme will be expanded by topics in entrepreneurship. As a result, in addition to smart ‘banking’, which is the financial topic of the year 2017, entrepreneurs’ competence development and the experience-based introduction of entrepreneurship may also have a place at schools. The most significant activities of the Money Week in Hungary in 2017 are:

  • The programme series focuses on lessons in the subject of finance in numerous primary and secondary schools in Hungary. The 1843 teachers that signed up will give appr. 10414 lessons in the subject of finance and/or enterprising to 154851 students. The teaching materials were developed by teachers, with interactive methodological elements added for three age groups (grades 5-6, 7-8 and 9-11).

  • The opening ceremony was held at the compelling building of the Ministry for National Economy on 6 March. Apart from the speeches delivered by the organisers, a performance by young students was also be part of the programme.

  • Numerous side-events will be held during the thematic week, such as an online Stock Exchange game will introduce the students to the secrets of the stock exchange in cooperation with the Budapest Stock Exchange. The most gifted can visit the Budapest Stock Exchange. Organised by the PontVelem Kft, the finals of the BanVelem competition centred on the theme of finance will show who will be awarded with the PénzOkos Cup in 2017. In the finals, the best seven teams will compete that qualified from the two online rounds before a prestigious jury. Open to higher education, those interested may participate in the events of an all-day professional programme, as well as a conference at the University of Miskolc. The objective of the “Say it in Hungarian” tender is to find the Hungarian versions of foreign words used in our language.

The mission of the Pénz7 to be held in Hungary is to raise awareness of financial literacy, the significance of the improvement of financial culture, as well as to promote the use and spread of various financial educational projects by creating comprehensive professional cooperation. Since the pilot was launched in 2015, more and more students, teachers and schools have learnt about the event series year by year, and on the basis of the feedbacks its visibility and recognition is becoming stronger. The organisers wish to link this programme to such global events as the European Money Week, and the Global Money Week.

Budapest Stock Exchange also rang the bell at the bell on March 29th for a group of students and showed them around the exchange premises.


2016 Hungary Global Money Week

Leading Organizations:
Budapest II. Kerületi II. Rákóczi Ferenc Gimnázium (II. Rakoczi Ferenc Secondary School
Date of the event:
14th - 20th of March
Total number of children & youth engaged: 1 000
Total indirect reach: 550

This year, II. Rakoczi Ferenc Secondary School in Budapest had a topic-based program for GMW. This included a number of topic-related lessons held by teachers exploring themes such as the history of money in different countries, budgeting and saving money, countries of the Eurozone, the financial crisis, financial policies of the EU, the theme of money in songs, the costs of living in various countries, strategic planning in entrepreneurship and more. The science department decided to have lessons about the importance of saving water, as World Water Day was also very close. Mathematics teachers held financial quizzes in eight different classes and an art competition was held in eight classes where students had to design future Hungarian Euro banknotes as well as an essay competition in four classes about the individual responsibility of people in combating climate change by saving energy and water. The Physics department organized its annual visit to Paks Nuclear Power Plant during GMW, so that students could learn more about nuclear energy, too.

Some parents were also involved in the GMW event. There were four financial education lectures held by volunteering parents, including: a broker, who shared his experiences of getting where he is today; a banker, who answered students’ questions about every-day money matters; an economist, who regularly visits high schools with his lecture on basic concepts of economics, finance and entrepreneurship; an environmentalist, who held an interactive lesson in English about environment protection.

The week was preceded by a traditional Students’ Day held on 05 March 2016, where a cake-baking competition was organized to prepare for GMW with the theme being ‘money’.


2015 Hungary Global Money Week

Participants:
National Bank of Hungary Money Compass Foundation (Pénziránytű Alapítvány) Ministry of Human Capacities of Hungary Hungarian Banking Association II. Rakoczi Ferenc Secondary School and other schools
Date of event:
9th - 13th of March

Hungary joined the Global and European Money Week this year under coordination of the Money Compass Foundation (Pénziránytű Alapítvány), which was founded by the National Bank of Hungary. Many primary and secondary schools in the country were provided with informative learning materials on topics of financial literacy. Ministry of Human Capacities of Hungary contributed towards the organizing of the week.

Foundation for Stock Brokers’ Training (Közép-európai Brókerképző Alapítvány) promoted information about Global Money Week to more than 170 schools in Hungary. Some schools also organized various events for their students during the week. For example, the II. Rakoczi Ferenc Secondary School organized a number of creative and exciting activities for their students. They conducted an Ethical Entrepreneurship class on raising funds and writing tenders for the development of school equipment and buildings. This was to support the school’s initiative to raise funds for their sports field. In the English class, a creative writing session was held around the topic of environment protection and savings, the theme for this year’s Global Money Week celebrations. Money and finances were the topics in the Spanish class preparing students not only for their language exams but also for everyday life situations. In another Ethical Entrepreneurship class, an entrepreneur gave a presentation on ‘Developing sustainable competitive advantages’.

 

2013 Hungary Global Money Week

Participants:
National Bank of Hungary
Date of event:
18th of March

The Hungarian National Bank joined the global celebrations with a special financial-economic program day. Secondary class students were invited into the Central Bank where children and youth had the opportunity to participate on a learning through activity course – drama in education – and also could listen to presentations like the safety marks of the Hungarian bank notes, and about the ”invisible” money.

Children had the chance to visit the Visitor center at the Hungarian National Bank which is the home of interactive exhibits about Hungarian notes and coins, the background of the central bank and the history of money.

Other students were able to follow the event through webcast on the Pénzbook – facebook site and on the microsite: www.penziranytu.hu.