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2021 Uzbekistan Global Money Week

GMW NATIONAL COORDINATOR:

  • The Central Bank of the Republic of Uzbekistan

PARTICIPATING ORGANISATIONS:

  • 17 commercial banks, 1 insurance companies, 4 fintech companies, Ministry of Public Education of the Republic of Uzbekistan, Ministry of Higher and Secondary Specialized Education of the Republic of Uzbekistan, Youth Affairs Agency of the Republic of Uzbekistan, International Olympic Online School named after Muhammad Al-Khorezmi

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 25

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 9,432

NUMBER OF ADULTS REACHED DIRECTLY:

  • 86,315

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 2,158,402

The Central Bank coordinated GMW2021 in Uzbekistan. Together with three agencies, 17 commercial banks, an insurance and four fintech companies involved over 2,254,149 children and youth through 14 financial education activities. These all focused on digital financial literacy, insurance literacy, use of banking products/services, and basics of financial security. Most financial literacy sessions were organised online through digital tools for children, youth and adults. Children participated in interactive activities, such as a master class on drawing with elements of financial literacy "Learn. Save. Earn" and a video contest "Take care of yourself. Take care of your money". Youth learnt about digital financial literacy and more specifically about prevention of fraud with bank cards and safe use of digital banking services. An online testing on financial mathematics for schoolchildren from the fifth grade and above was carried out on the platform of the International Olympiad School named after Khorezmiy.

During the Week, youth and others were able to participate in financial literacy competitions organised by the Central Bank and commercial banks. Moreover, the Central Bank had developed a calendar of financial discipline for the population. The calendar was posted on the Finlit.uz website. Each month of the Calendar is dedicated to specific topics on financial literacy and include interactive stickers for financial planning.

In addition, this year, university students had the opportunity to participate in educational competitions, such as the Financial Literacy Championship and the Financial Literacy Olympiad for 1st -3rd year students. The eliminatory stage and semi-finals of the competition were held in an online format. The tasks included test questions on financial literacy with elements of financial mathematics.

Awareness-rising webinar involving digital financial literacy was organised with fintech companies for students on the topic of "Take care of yourself. Take care of your money". During the webinar, the experts also highlighted the functionality of mobile applications of payment organisations. The sessions of webinar were mainly focused on common types of financial frauds and ways of protecting against them and dealing with their consequences. The speakers provided practical recommendations on the recognition of financial fraudsters on websites and social networks.

Special attention was given to improving financial literacy of employees of retail companies. In particular, the Central Bank together with fintech companies conducted an educational and practical training on digital financial literacy "Improving digital financial literacy together." The priority of the event was to explain contactless.

As part of GMW2021, 17 commercial banks held lessons and educational master classes on financial literacy for children and youth. Interactive tours explaining the principles of the work of various departments were also organised at bank branches. Educational and entertaining financial literacy activities were held for children from orphanages.

In addition, commercial banks conducted interactive online financial literacy competitions for children, young people and the whole population on their official social media pages. The competitions focus on business ideas, drawings and videos on financial goals, piggy banks, essays and articles, as well as quizzes on financial literacy.


2018 Uzbekistan Global Money Week

LEADING ORGANISATIONS:

  • JSCB "Mikrokreditbank"

PARTICIPATING ORGANISATIONS:

  • Tashkent State University of Economics

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 40

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 40

JSCB "Mikrokreditbank"
During GMW2018, the JSCB “Mikrokreditbank” in Uzbekistan celebrated with high-level discussions, seminars and educational sessions at Tashkent State University of Economics. The Head of Foreign Economic Relations Department at JSC “Mikrokreditbank”, Mr. Khusniddin Madumarov, led the seminar with a presentation on the Bank’s financial and organisational support for young people and graduates. The aim of the presentation was to acquaint young people with the Bank’s entrepreneurship support programs. Themes covered in the discussion with youth entrepreneurs included: access to start-up microcredit, microcredit for turnover capital, micro-leasing, financial support for handicraft businesses (to support Uzbekistan's historical and cultural heritage) and the issuance of government supported loans. Moreover, other participants in the session learnt about a support programme for youth start-ups. At the end of session, students participated in a question and answer session with the employees of the bank. From the side of JSCB "Mirokreditbank" regular seminars are held for students to get, about assistance from the bank for starting a business. we know that this knowledge will help the youth in the future and they will be able to find their vocation and place in the country. The annual event of GMW has shown the direction of our bank in the field of youth support and the Bank plan to continue participating in GMW events in the years to come.


2015 Uzbekistan Global Money Week

LEADING ORGANISATIONS:

  • Central Bank of Uzbekistan
  • National Association of Microfinance Organisations
  • Joint Stock Commercial Bank “Hamkorbank”
  • Center for Economic Development Uzbekistan

PARTICIPATING ORGANISATIONS:

  • Schools

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 400

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 400

Global Money Week in Uzbekistan was celebrated for the first time in 2015. This coincided with the Bank Expo 2015, the annual national exhibition of banking services, technologies and equipment in the capital city of Tashkent. The expo was held on 12-13 March with the support of the Central Bank of the Republic of Uzbekistan and in partnership with the Association of Banks of Uzbekistan and the Association of Enterprises and Organisations of Information Technologies of Uzbekistan. Commercial bank JSCB Hamkorbank presented Global Money Week during the press conference on the opening day of the Bank Expo. More than 150 youth participated in many educational activities about savings and use of banking products and services. On 17 March, JSCB Hamkorbank organised a large open seminar for more than 200 youth participants in Andijan. The seminar provided the participants information about GMW campaign and the need for financial literacy. Information about financial and banking instruments and products was also shared.