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2024 Country Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of the Kyrgyz Republic

PARTICIPATING ORGANISATIONS:

  • Aiyl Bank; Agency for the Protection of Deposits of the Kyrgyz Republic; Bai Tushum Bank; Bank of Asia; Bailyk Finance; Guarantee Fund; Dos-Kredobank; Finance company Senti; FINCA Bank; Interbank Processing Center; International Finance Corporation; Keremet bank; Kompanion Bank; Kyrgyz Investment and Credit Bank; Kyrgyz Swiss bank; Kyrgyz Stock exchange; Ministry of Education and Science of the Kyrgyz Republic; National Bank of the Kyrgyz  Republic; Oxus microfinance company; RSK Bank; Salym finance; State Agency for Civil Service and Local Self-Government under the Cabinet of Ministers of the Kyrgyz Republic; State Tax Service under the Government of the Kyrgyz Republic; Union of banks of Kyrgyzstan; OJSC «Dos-Kredobank»; Information portal banks.kg

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 200

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 6 606

NUMBER OF ADULTS REACHED DIRECTLY:

  • 500

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 800 000

The National Bank of the Kyrgyz Republic has been coordinating the annual Global Money Week in Kyrgyzstan since 2015. As part of Global Money Week 2024, the National Bank of the Kyrgyz Republic, authorities, public and development organisations, commercial banks and microfinance organisations conducted financial literacy lessons in schools, guest lectures and trainings in universities, excursions, open days in commercial banks, and children's drawing competitions. Videos, as well as other various activities, were posted on social networks with the hashtag #GMWKyrgyzstan2024. The event diary and information were posted on the National Bank website (https://finsabat.kg/news/365)

All information related to GMW is posted on the Finsabat Unified Financial Literacy Portal https://www.finsabat.kg/admin/laravel-filemanager/files/shares/documents/GMW2024RU.pdf

In total, about 250 events were organised this year in all regions of Kyrgyzstan


2023 Country Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of the Kyrgyz Republic

PARTICIPATING ORGANISATIONS:

  • 1.National Bank of the Kyrgyz Republic (NBKR).2. Deposit Protection Agency of the Kyrgyz Republic (AZD).3. State Agency for Local Self-Government under the Cabinet of Ministers of the Kyrgyz Republic;4. Ministry of Education and Science of the Kyrgyz Republic5. JSC "Guarantee Fund".6. CJSC "Interbank Processing Center" 7. CJSC "Kyrgyz Stock Exchange".8. International Finance Corporation (IFC).9. Fund for International Cooperation Germann Sparkassenstiftung10. State Tax Service under the Ministry of Finance of the Kyrgyz Republic11. JSC "Aiyl Bank".12. CJSC "Bank of Asia"13. JSC Bank"Bai-Tushum"14. LLC MKK "Bailyk Finance"15. BAKAI BANK OJSC16. JSC Dos-Credobank17. CJSC "Companion Bank"18. JSC "Keremet Bank"19. CJSC "Kyrgyz Investment and Credit Bank"20. CJSC "Kyrgyz-Swiss Bank"21. JSC "RSK Bank"22. FINKA Bank CJSC23. JSC "Freedom Finance"24. IFC "OXUS"25. LLC FC "Senti"26. JSC "Salym finance"27. Union of Banks of Kyrgyzstan28. Information Portal Banks.kg

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 28

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 30 546

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1 760

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 4 006 539

Throughout Global Money Week 2023, the National Bank of the Kyrgyz Republic along with 27 partners reached 4 038 845 children and youth through in person and digital activities across Kyrgyzstan by conducting more than 495 different financial literacy awareness activities such as lessons on financial literacy at schools, expert lectures, excursions to the numismatic museum, seminars, master classes, contests, quizzes, financial games, visits to commercial bank branches, competitions and open days at government agencies. The key objective of the activities and events was to draw the attention of teenagers and youth to the enhancement of financial literacy, to the importance of smart money planning, setting objectives, savings and setting financial goals. 416 schools and 59 universities were involved into the GMW campaign. Furthemore, this year Kyrgyz republic celebrated 30 years of monetary sovereignty. The exciting nationwide drawing and crafts competition on the topic "Som is the face of Kyrgyzstan" was organised and timed to the 30th anniversary and Global Money Week campaign. Global Money Week 2023 events and activities were extensively covered in internet media, major national press, TV and radio channels.


2022 Country Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of the Kyrgyz Republic

PARTICIPATING ORGANISATIONS:

  • Ministry of Education and Science of the Kyrgyz Republic, Ministry of Finance of the Kyrgyz Republic, National Bank of the Kyrgyz Republic, Aiyl Bank, Agency for the Protection of Deposits of the Kyrgyz Republic, Association of Microfinance Organisations, Bai Tushum Bank, Bank of Asia, Finance company Senti, FINCA Bank, Interbank Processing Center, International Finance Corporation, Keremet Bank, Kompanion Bank, Kyrgyz Investment and Credit Bank, Kyrgyz Stock Exchange, Limited liability company ”Intelliance”, Microfinance company OXUS, Open Joint stock company “Guarantee Fund”, RSK Bank, German Sparkassenstiftung, State Tax Service under the Government of the Kyrgyz Republic, Union of Banks of Kyrgyzstan

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 25

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 76,738

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1,803

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 213,321

Throughout Global Money Week 2022, the National Bank of the Kyrgyz Republic along with partners reached over 70,000 children and youth through several digital activities such as training of trainers, the game Kahoot, financial literacy lectures. During the week, financial literacy awareness sessions were offered for children, youth and for adults. This included sessions on financial planning, family budgeting, deposit, loans and consumer protection. High-level discussions, seminars, and other educational sessions were organised for teaching staff of educational institutions. During the campaign, young people were able to engage in book exhibitions to explore publications of the National Bank, visit the money museum, and participate in other various competitions. Furthermore, this year, university students had the opportunity to participate in online financial literacy seminars.


2021 Kyrgyzstan Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of the Kyrgyz Republic

PARTICIPATING ORGANISATIONS:

  • Aiyl Bank, Association of Microfinance Organisations, Association of Trainers and Consultants, Bai Tushum Bank, Bailyk Finance Microfinance company, Bakai Bank, Bank of Asia, Company “Guarantee Fund”, Dos-Kredobank, Demir bank, Eurasian Savings Bank, Educational initiatives Foundation, Finance company Senti, FINCA Bank, Halyk Bank Kyrgyzstan, Interbank Processing Center, International Labour Organisation, International Finance Corporation, Capital Bank https, Keremet Bank, Kompanion Bank, Kyrgyz Investment and Credit Bank, Kyrgyz Stock Exchange, Ministry of Education and Science of the Kyrgyz Republic Ministry of Finance of the Kyrgyz Republic, Ministry of Economy and Finance of the Kyrgyz Republic, Ministry of Culture, Information, Sports and Youth Policy, National Bank of the Kyrgyz Republic, Optima Bank, OXUS Microfinance company, RSK Bank, The German Sparkassenstiftung for International Cooperation, State Tax Service under the Government of the Kyrgyz Republic, Union of Banks of Kyrgyzstan

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 33

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 31,500

NUMBER OF ADULTS REACHED DIRECTLY:

  • 6,000

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 1,148,000

Throughout Global Money Week 2021, the National Bank of the Kyrgyz Republic, together with partners, reached over 31,000 children and youth through events such as drawing contests on the topic "Our family budget", "The most creative piggy bank", which received over 1,000 works, a video contest for the topic “Learn. Save. Earn ", youth competition "Take care of yourself and your money", children's video competition on the topic of finance and savings, training for trainers on the topic "Financial literacy", and others.

A number of interviews were organised on radio, television, print media and online regarding Global Money Week, about the deposit protection system, what is financial literacy, and so much more.

During Global Money Week, young people were able to take part in the numismatic exhibition "Numismatics for the Protection of the Fauna of the World" to get acquainted with a collection of coins consisting of 150 coins from 15 countries of the world with various images of representatives of the animal world.

In addition, this year, university students had the opportunity to participate in online events such as the National Olympiad in Finance and Economics, online lectures and online quizzes on financial literacy. All activities were tagged with #GMWkyrgyzstan2021 on social media platforms.


2019 Kyrgyzstan Global Money Week

LEADING ORGANISATIONS:

  • FINCA Bank Kyrgyzstan
  • University of Central Asia, School of Professional and Continuing Education

PARTICIPATING ORGANISATIONS:

  • 3 Governments, 31 Schools, Bank “Bai Tushum”, Naryn, First Microcredit Company, Naryn, Kyrgyz Investment and Credit Bank, Bishkek, Kyrgyz Investment and Credit Bank, Naryn, National Bank of Kyrgyzstan, Bishkek, USAID project Coordinator Zalkar Kamalov; Liubov Shevchenko, Consultant-Financial Analyst SPCE UCA

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 2 295

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 1 730

FINCA Bank Kyrgyzstan
To celebrate GMW2019, FINCA Bank Kyrgyzstan organised webinars prior to the Week, to support their partner organisations, institutions and individuals, who were organising GMW activities and events during the Week itself. During the Week, the Bank organised prep talks.

University of Central Asia, School of Professional and Continuing Education
The celebrations organised by the University of Central Asia SPCE continued past the Week itself. During the Week, presentations on family budgeting, saving money, and bank services were held. Furthermore, the educational game “Money Management” was played, to teach students how to lead businesses, build wealth, and minimize debt. Additionally, the students visited the Kyrgyz Investment Credit Bank, to receive a first-hand experience of what happens in the bank, what products the bank offers, and to learn about the history of the Kyrgyz currency. The winners of the essay competition “If I were an entrepreneur, which business would I own” and the drawing competition “My Money Tree with Dreams” were announced during the Week. The celebrations continued after the Week ended with financial literacy lectures, presentations by representatives of the KCIB Bank, discussions on national currency, security features, and exchanging damaged banknotes. Furthermore, board game playing sessions and drawing competitions were also organised.


2018 Kyrgyzstan Global Money Week

LEADING ORGANISATIONS:

  • National Bank of the Kyrgyz Republic, Institute for Development Policy
  • School of Professional and Continuing Education (SPCE)

PARTICIPATING ORGANISATIONS:

  • "Bai-Tushum" Bank, Agency for the Protection of Deposits of the Kyrgyz Republic Union of banks of Kyrgyzstan, Aiyl Bank, AMANBANK, Association of Microfinance Organisations, Bai Tushum Bank, BTA Bank, Chang An Investment Bank, Commercial Bank KYRGYZSTAN, Credit Bureau Ishenim, Dos-Kredobank, Eurasian Savings Bank, Finance Company Senti, FinanceCreditBank, FINCA Bank, German Savings Banks Foundation for International Cooperation, German Society for International Cooperation, Halyk Bank Kyrgyzstan, Institute for Development Policy, International Finance Corporation, Kompanion Bank, Kyrgyz Investment and Credit Bank, Kyrgyz Investment Credit Bank (KICB), Kyrgyz Swiss Bank, Kyrgyzkommertsbank, Ministry of Education and Science of the Kyrgyz Republic, Ministry of Finance of the Kyrgyz Republic, National Bank of the Kyrgyz Republic, Rosinbank, RSK Bank, State Tax Service under the Government of the Kyrgyz Republic, Tolubay Bank, UNICEF, 10 commercial companies, 14 other institutions., 23 universities, 243 schools, 31 media outlets, 38 local governments, 47 public (non-governmental) organisations

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 25 200

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2 003 050

National Bank of the Kyrgyz Republic
During Global Money Week 2018, the National Bank of the Kyrgyz Republic, state bodies several national and international partners conducted numerous GMW celebrations. They included the following: open classes in schools, lectures in universities, excursions to the Numismatic Museum of the National Bank, open days in commercial banks and government agencies, a Quest game, business fairs for children and others. On March, 16th, 2018, a business fair for children took place in the capital Bishkek. Additionally, young people were invited to submit entries for drawing, essay and money box competitions before and during the Week. The results of these national competitions were announced and an official ceremony was held at the Gapar Aitiev National Museum of Fine Arts in Bishkek on March 20. Finally, on March 17, the premier of an animated children’s movie, “Keremet Koch” (The Magic Journey) took place, The Movie promotes financial literacy and was released on public TV after the premier.

School of Professional and Continuing Education (SPCE)
On March 13, SPCE Naryn launched a Monopoly game contest amongst the students at the school. The aim was to teach the students about developing budgets and investing wisely. The winners of the competition were given certificates. Additionally, students participated in GMW Selfie Challenge sharing their ideas continuing the sentence “I save because …” The representatives of "Bai-Tushum" Bank, Naryn branch, conducted a presentation on financial literacy teaching the Academic Achievement Programme (AAP) students and their parents about family budget planning, saving and banking services. On March 16, SPCE Naryn AAP grade 11 grade students visited the Kyrgyz Investment Credit Bank (KICB) in Naryn where they had the opportunity to learn more about banking, take a tour of the operations department. They learnt many facts and interesting information about the national currency of the KR and more from the presentation of the head of the KICB Naryn branch.


2017 Kyrgyzstan Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

NUMBERR OF CHILDREN REACHED DIRECTLY:

  • 28 000

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 1 600 000

During Global Money Week, the participating organisations of Kyrgyzstan have united into one initiative group, and held nearly 700 events, in which over 28 thousand children and young people, and 12 thousand adults took part. The total press outreach constituted over 1,6 million people.

The official opening of the week was held as usual at the press conference with the Governor of the National Bank of Kyrgyz Republic, Director of the Deposit Protection Agency of the Kyrgyz Republic, the Chairman of the Development Policy Institute, the President of the Kyrgyzstan Union of Banks and the CYFI Senior Advisor.

During Global Money Week in Kyrgyzstan, representatives of governmental institutions, NGOs, international organisations in the Kyrgyz Republic, and financial institutes managed to appeal to young people in terms of financial planning, savings, financial services, by providing entertaining lectures and organising fun activities. Children visited the Ministry of Finance, the Agency on the protection of Deposits, hedge funds, banks and, therefore, could see the inner operations of these institutions for themselves. Interesting excursions were held, namely to the Money Museum of the National Bank. One of the commercial banks also organised a special exhibition of ancient coins.

For children aged 12-16, there was an exciting quest game. The participants had to do various financial exercises while visiting several educational stands, and for every correct answer they received game money “bilimi” (“knowledge”), which at the end they could exchange for real prizes.

On the 28th of March, one of the largest shopping malls of Bishkek hosted a children’s fair, where children took on the role of entrepreneurs and sold goods of their own produce. Considering the large number of participants and the high interest of the visitors, such fairs will now be held every week on a regular basis.

Prior to Global Money Week, children’s national “Best Picture”, and the “Participation of pupils and parents in discussing the school budget and increasing financial literacy of youth” competitions were announced, as well as a competition among teachers for the best taught class on financial literacy, and a competition among journalists for the best media coverage of Global Money Week. This year, the competition “Best class on financial literacy” was held for the first time, and encouraged the teachers of Bishek, Osh, and Chuyskaya, Talasskaya and Narynskaya regions to teach classes on financial literacy. All competitions had both stimulating and highly multipliable effects. For instance, according to some participants of the paintings competition, in the process of making art they had to do some research about finance. The participants got their parents involved in the meantime, and the parents were also very interested in the newfound information.

University of Central Asia SPCE, along with partners, reached 300 children and youth through visits to Kyrgyz Investment Credit Bank, Naryn State University and schools. Financial literacy awareness sessions were offered to children, youth and for adults in SPCE Naryn and in Learning Center in Bishkek. A photo contest on how to save and spend pocket money was held, along with an essay contest among 14-17-year-old teenagers on “A penny saved is a penny earned.”, that was conducted on March 30 in Naryn. At the close of the week, visits to banks were held, where students could meet with bank employees.


2016 Kyrgyzstan Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

  • Union of Banks of Kyrgyz Republic, Ministry of Finance of Kyrgyz Republic, State Agency for Youth Policy and Sports, Agency of Development Initiatives, University of Central Asia (UCA) Naryn, SOS Children’s Villages, Educational Initiatives Support Fund, Bishkek Academy of Finance and Economics and other educational institutions, German Society for International Cooperation (GIZ), International Finance Corporation (IFC), Finance Company “Senti”, Bai Tushum Bank, FINCA Bank, Optima Bank, Kyrgyz Investment Credit Bank and other financial institutions

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 36 100

TOTAL INDIRECT REACHED:

  • 29 800

The National Bank of the Kyrgyz Republic and Development Policy Institute were once again coordinating Global Money Week in a nation-wide campaign in Kyrgyzstan. More than 40 different organisations became part of the Global Money Week 2016 national committee, including the Union of Banks of Kyrgyzstan, Educational Initiatives Support Fund, Bishkek Academy of Finance and Economics, GIZ, IFC and many financial institutions and NGOs. The GMW campaign offered various activities, trainings and contests, aimed at inspiring children and youth to gain knowledge about money, savings, possibilities to start business and employment, as well as at drawing public attention to the necessity of being financially literate in order to make informed decisions in the future.

The Week kicked-off with a national press conference with the participation of the Governor of the National Bank of Kyrgyz Republic, President of the Union of Banks, Chairman of Development Policy Institute and others. An exciting video competition was held in Kyrgyzstan from February 16 to March 16, 2016. The key objective of the contest was to draw the attention of teenagers and youth to the enhancement of financial literacy, to the importance of smart money management, setting objectives and developing realistic financial plans. Results of the competition were announced at the closing ceremony of the Week. Moreover, two essay competitions were held in the country – one for children from orphanages on the topic “Take part. Save smart!”, and the other one on the topic “What is money and what do we need it for?” for children of three age groups – 7-9 years old, 10 to 12 years old and 13 to 15 years old. Winners of the competition received great gifts sponsored by commercial banks that took part in the campaign in Kyrgyzstan.

On 18 March, the National Bank of the Kyrgyz Republic hosted a roundtable where the Governor presented the National Financial Literacy Programme of the country for 2016-2020 for the first time. Youth was declared as the priority target group, and integration of compulsory financial education in the school curriculum was declared as one of the target objectives of the national programme.

The University of Central Asia SPCE in Naryn also held GMW 2016 lectures and debates on “Save today, Safe tomorrow” at the Resource Center to bring the young generation’s attention to the banking system, information about savings, deposits and loans and to generally give knowledge about financial literacy. A tour for youth to the offices of the Kyrgyz Investment Credit Bank was also organised.

More than 16,000 children and young people took party in Global Money Week 2016 events in Kyrgyzstan.

“Conducting Global Money Week in Kyrgyzstan is essentially important for each person in the country, and particularly for everyone in our village because financial literacy is as important as school or university education. These skills with stay with us for the rest of our lives.” Bakhram Rakhmonkulov, Batken region, Kyrgyzstan

2015 Kyrgyzstan Global Money Week

PARTICIPANTS:

DATE FO THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 6 000

Following the success in 2014, a national Global Money Week working group led by National Bank of Kyrgyz Republic with more than 25 stakeholders from different sectors was formed to plan for the celebrations in 2015. The celebrations began on 10 March with a national press conference in Bishkek attended by the participation of the Governor of the National Bank. Finsabat, the first national website on financial literacy with the special section for children, and children’s comics book were also launched during this press conference.

«Children responded well to all activities, and were very active in discussions, competitions and trainings and asked a lot of questions. Global Money Week in Kyrgyzstan was a big success. We will definitely continue this tradition next year.”Mr. Tolkunbek Abdygulov, Governor of the National Bank of Kyrgyz Republic

More than 200 financial literacy activities were conducted for more than 6000 children and youth across Kyrgyzstan, including those in remote and rural areas of the country. Activities included expert lectures, seminars, master classes, round tables, visits to commercial bank branches, quizzes, competitions, and open days at commercial banks and government agencies, including Ministry of Finance of Kyrgyz Republic, Deposit Protection Agency, National Bank of Kyrgyz Republic etc.

42 financial literacy trainings for more than 1000 schoolchildren and students were conducted by FINCA Bank and Union of Banks; tours and master-classes on youth entrepreneurship by the Ministry of Labour, Migration and Youth; educational lectures by employees of the National Bank; excursions to the Money Museum of the Bank for kids by SOS Children’s Villages and other youth groups; visits to bank branches, interactive games, shows and seminars organised by the Development Policy Institute in schools around the country; round-table discussion for the student clubs by FSA Kyrgyzstan; visits to Kyrgyzstan Stock Exchange and lectures about the history of money by Association of Microfinance organisations; video polls about financial behaviour of youth by the Institute of Youth Development; lectures for students by IFC Kyrgyzstan; seminars at the University of Central Asia, and many other very interesting and diverse events were organised.

In February 2015 a citywide drawing competition on the topic “Save today. Safe tomorrow” was organised. The results of this competition were announced at the closing ceremony held at the G. Aitiev Kyrgyz National Museum of Fine Arts. The ceremony was inaugurated by the Governor of the National Bank and Chairman of the Development Policy Institute. Winners of the competition received prizes from the National Bank, deposit certificates from financial institutions (FINCA Bank, Bai Tushum Bank, KICB and Aiyl Bank) and other organisers. Exhibition of children pictures was open at the Kyrgyz National Museum till end of March 2015.

Global Money Week events and celebrations were extensively covered in major national press, media, TV and radio channels.

“I have never been in the part of the bank, where everything happens: where bankers work, where interest rates are determined, where decisions on giving loans are being made. It was really interesting. Now I will try to persuade my mom to open me a bank account, so I can save money. I want to get a good education. Thank you for organising this visit!”Eldiyar, Grade 5 student

You can find more information about various Global Money Week activities in Kyrgyzstan on Facebook page of Global Money Week-Kyrgzystan.


2014 Kyrgyzstan Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 12th - 13th of March

NUMBER OF CHILDREN REACHED:

  • 50

There were financial educations presentations abound in Kyrgyzstan during this year’s Global Money Week. The first set was given by representatives from Association of legal entities "Union of Kyrgyz Banks" and the FINCA Microcredit Company CJSC (which has a long-term and multi-component project on Financial Literacy) to around 50 students in the capital city, Bishkek.

In the Academy of State Management under the President of KR a presentation was provided to students on financial literacy that focused on the theme of “savings”. It was followed by discussions between the financial experts and the students in attendance. In addition, a financial presentation during an economic lesson focused on the main rules of savings for pupils of School-Lyceum #13 was provided.


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