Romania flag

2019 Romania Global Money Week

LEADING ORGANIZATIONS:

  • Asociatia pentru Promovarea Performantei In Educatie
  • Banca Comerciala Romana (BCR)
  • Financial Supervisory Authority
  • Key International School
  • National Bank of Romania
  • Royal School in Transylvania
  • Sago Finance
  • The Right to Education Foundation
  • Transylvania College

PARTICIPATING ORGANIZATIONS:

  • 1 University, 11 Universities, 2 Universities, 4 Media Organizations, 47 Colleges, 638 Schools, 7 Schools, AEGON Romania, Allianz-Tiriac Insurance, Alpha Bank, Arad School Inspectorate, ARDOR Banat, ARDOR Muntenia, Argeș School Inspectorate, Artigiana, ASIROM, Asito Kapital, Association for the Economic Development of Romania, Atelier Mass, Bacău School Inspectorate, Banca Transilvania, BCR Life Insurance, Bihor School Inspectorate, Botanical Garden Cluj-Napoca, Botoșani School Inspectorate, Brașov School Inspectorate, BRD, BRD Life Insurance, BRD Private Pensions, British Council, British Embassy of Bucharest, Brăila School Inspectorate, BT Asset Management, Bucharest School Inspectorate, Bucharest Stock Exchange, Buharest Stock Exchange, Carturesti, Cluj School Inspectorate, CMMD Mariciuc Bogdan, Consulate of Sweden Cluj-Napoca, Cyber Threat Defense, Electric Castle, Evozon, Financial Market, GarantiBank, Idea Bank, InflectionPoint, ING Romania - ING Bank N. V. Amsterdam, KInetic Sports Medicine, Laura Siminiceanu, Little People, Mary Restaurants, MasterCard, Minister of Education, Nobila Casa, Note Furniture, OTP Bank Romania, Parents' Lighthouse, Primaria Municipiului Cluj Napoca, Prodglob Clasic Glass, Quantic Lab, Resido, Secpral Pro Instalatii, Sibiu School Inspectorate, SIF Moldova SA, SIF Muntenia SA (SAI Muntenia Invest SA), SIF Transilvania SA, Signal Iduna, SSIF Blue Rock Financial Services SA

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 50 589

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 72 051

Financial Supervisory Authority
Once again, the Financial Supervisory Authority of Romania (FSA) and its partners, led national events during GMW. The event was festively launched at the Bucharest Stock Exchange (BSE). Highschool students and high-level representatives attended the opening, which was live streamed on the FSA’s Facebook page. Additionally, the FSA drove through Bucharest, in the Financial Education Bus, where students and teachers from three high-schools had the opportunity to talk to FSA representatives and other financial experts to discuss non-banking financial matters. Furthermore, a debate contest was organized between eight different high schools, where students had to discuss the statement “Financial education should be included in the national curriculum and also be a subject in the college graduation exam”.  FSA conducted a workshop for teachers, who had expressed interest in expanding their financial knowledge. The workshop was titled “Behavioral economics and non-banking financial markets”. The third edition of the EduFin Gala Awards took place, that celebrated the most innovative financial educational initiatives and programs that were developed and extended during 2018. Throughout the Week, 19 private organizations organized “Open Door” events, which were coordinated by the FSA. These events provided children with the opportunity to interact with professionals and learn about the financial markets. Additionally, the following lessons and workshops were organized throughout the Week. 11 Academic Laboratories were conducted, which offered university students to engage in interactive discussions with professionals from non-banking financial markets. “Let’s Talk About the Non-Banking Financial Markets” lessons were conducted. Finally, Edu-trainings were held for children aged 4-14, to teach them about basic financial terms, through games and fun activities.

National Bank of Romania
During GMW2019, expert representatives from the National Bank of Romania visited over 140 schools throughout the country, to talk about subjects including, but not limited to, the history of the Bank, the national currency, the Bank’s role, and what functions the Bank has. Additionally, pupils and teachers visited the Bank’s museums and its branches in the country. The Bank conducted different initiatives during the visits, including workshops, games about financial education, and various other programs and activities.

Asociatia pentru Promovarea Performantei In Educatie
Throughout GMW2019, APPE, along with its partners, reached over 4,500 children and youth through visits to museum, commercial banks, schools, and the NBR Museum. During the Week, financial literacy awareness sessions were offered for children, youth, and adults. High-level discussions, seminars, and other educational sessions were organized in high schools, and a launch of high school financial education textbook was organized. During the Little Bankers Olympics for primary school, children participated in projects, posters combining mathematics and history, and sessions on entrepreneurship, music, drawing, and negotiation techniques. Various events were organized during the Week, including a fair, poster competitions, making piggy banks, writing papers, and making films related to money. These activities encouraged creativity and innovation, beyond the financial education taught in classrooms. APPE set up a national conference for teachers of financial education, as well as National Symposium on “Promoting and Evaluating Competencies in Teaching Financial Education in Primary Schools: Modern Teaching Methods and Techniques?”. Moreover, in order to implement classes of financial education, the APPE, in partnership with the Teachers’ House and the Maramures County School Inspectorate, submitted a documentation to accredit an education course to train teachers. 20 groups of teachers were graduated in Maramures and Constanta County, as well as in Bucharest.

Banca Comerciala Romana (BCR)
Banca Comerciala Romana participated in GMW2019 with their project Money School. Money School is a National Finance Literacy Program, which aims to help the citizens of Romania to manage their funds much more efficiently and be aware about the various factors that may or may not influence their financial independence. This year, the organization reached 5,000 children and adolescents with their workshops. These workshops were conducted in partnership with 360 other organizations that included primary schools, high schools, libraries, and school inspectorates. More than 350 BCR employees were trained to become certified financial literacy teachers. The idea behind these workshops and training was to make the children understand the importance of money management, savings, and the concepts of banks.

The Right to Education Foundation
For GMW2019, The Right to Education Foundation organized 20 sessions of financial education trainings for children and youth aged 10 to 19 years. During the week, The Right to Education Foundation also signed 15 educational partnership agreements with 15 different schools. The majority of these trainings were held with the support of OTP Bank Romania, which provided the organization with the necessary space to organize these training sessions for the children living in Ilfov and Bucharest. The children and youth involved in the program learned about the importance of acquiring a healthy and responsible financial behavior much needed for their present, but most importantly, future well-being. The children and youth learned about the importance of savings and financial planning, while also getting better acquainted with financial products and terms. During these training sessions, the children got an opportunity to develop some important skills needed such as communication & negotiation skills, creativity and critical thinking, and team work.

Royal School in Transylvania
Throughout GMW, the School reached out to the entire community, to ensure that not only students, but also parents and teachers had a chance to learn about financial education. Multiple events were organized for the students, including “5 Success Stories”, where local entrepreneurs talked about their road to a successful business, the BizzStarters Competition, and the Crafty Kids Fair. Additionally, each student had the chance to visit a local or multinational company to learn what it takes to set up a business. During the 22 days leading up to the Week, the students participated in the Global Money Week Challenge, by making posters, videos and presentations.

Sago Finance
For GMW2019, Sago Finance partnered with Financial Market to target children and youth through workshops. Financial awareness sessions were organized for youth aged 18 to 21 years. In collaboration with the Music University, panel discussions, workshops and educational sessions were conducted. This was the first opportunity for Sago Finance to participate in GMW. Their experience with working with children and youth was oriented towards the enhancement of financial literacy.

Transylvania College
For GMW2019 , Transylvania College organized various activities throughout the Week for the students in kindergarten, primary and high school aiming to teach them how to Learn, Save and Earn. The children in Kindergarten and Reception learned about the flow of money and how the economy works in our society. One of the activities was a role-playing activity, called “What do I want to be when I grow up?”, which aimed at teaching the children how money is earned by being in different professions like doctors, dentists, bank clerks, or postmen. The students in Primary learned about the value of money, by selling crafted goods to parents and friends, thus quantifying their efforts in monetary terms. The funds were donated to the Service Learning project. For the middle School students, an event called the Enterprise Day was organized. This event was planned to test the student’s entrepreneurial skills and ingenuity, where each team presented items such as fashion designs, bookmarks, VR experiences, or lemonade stands. In return for their service or item, customers reviewed their activity and voted. The winning team received a cheque that they donated to the Service Learning Project. High School students participated two activities - Success Stories and Financial Workshops. Students had the chance to interact with successful professionals from various fields and gather more information about different jobs and professions. Along with these activities, a Financial Drawing Competition was held for High School students and gathered artists from all across the country. The students were challenged to express financial concepts through drawings using their own interpretation. The awards were offered by an official representative of the National Bank of Romania. During the Week, every student was involved in the Financial Education program, either as a participant or as an organizer.

Key International School
Key International School, in collaboration with their partners, the University of Agricultural Sciences and Veterinary Medicine in Cluj Napoca and Banca Transilvania, organized an event to give children the opportunity to identify real life problems and find relevant solution to this. The children, furthermore, had the opportunity to visit the university premises and meet professors. A visit to the bank was planned, where the children got a chance to meet the banking professionals and learn about the process of financial support they provide. For GMW2019, brainstorming sessions planned for the children, with the university and banking professionals. Additionally, a book stand was organized for the children, which offered various books on financial education.


2018 Romania Global Money Week

LEADING ORGANIZATIONS:

  • Association for Performance Promotion in Education
  • Banca Comerciala Romana
  • Financial Supervisory Authority (FSA)
  • Mihai Mihaescu
  • National Bank of Romania
  • OK Center Romania
  • Royal School in Transylvania
  • Transylvania College | The Cambridge International School in Cluj

PARTICIPATING ORGANIZATIONS

  • Accessa, Aegon, AlphaBank Romania, ApPA, Asociaia Regionala de Dezbateri, Oratorie si Retorica Muntenia (ARDOR), Asigurari, ASIROM, Association of Banking and Financial Analysts, Banca Romana de Dezvoltare, Banca Transilvania, BogArt, BRD, Bucharest Academy of Economic Studies, Bucharest Stock Exchange, Burcash, Business Insight, Central Depository, Central University Library, CITR, Cluj- Napoca City Hall, Dedeman, DeLonghi Romania, DentoSan Med, Didactic and Pedagogical Publishing House, Ecolor, Electrogroup, Erste Asset Management, EUROINS, Eurolife ERB, Federatia Tinerilor din Bacau, FLIP-Money School on Wheels, Foundation Right to Education, Fundatia Judeteana pentru Tineret Timis, Generali, Globo Print House, Gothaer, Groupama, Hampton by Hilton, Idea Bank, InfoCons, Inter Broker de Asigurare, International Ballroom, LaUnLoc Gallery, Liceul Teoretic Ion Barbu, Mastercard, Medstar, Mihaescu Miha, Ministry of Education, Ministry of Public Finance, Morphoza, NN Romania, Note Furniture - Note Impex, NTT Data, Office Depot, OMNIASIG VIG, Opal, OTP Bank, Otto Broker, Palace of the Parliament, Tg. Mureș, Polizu Bucharest Hospital, Primaria Municipiului Cluj Napoca, Project A, QuanticLab, Romanian Bank Deposit Guarantee Fund, Romanian Banking Institute, Salad Box, Salice Comprod, Secpral Pro Instalatii (SPI), Tara Interactive, Tech League, Right to Education Foundation, TRADEVILLE, Transylvania Autism Association, Youth Hive, 9 universities, 30 media organizations, 542 schools, 4 libraries, 7 school inspectorates

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 34 300

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 122 250

National Bank of Romania (NBR)
The specialists from the NBR traveled throughout the country, to reach schools in the most remote areas of the country. Children learned about coins and banknotes, the history of money, and the functions of the Central Bank. Students were tested on their knowledge of currency and drawings were used to make the information accessible. Pupils and teachers were taught the necessity of financial inclusion. The Week concluded with the “Financial Inclusion – from words to action” conference at the NBR headquarters. The conference was opened by the Governor of the NBR, whose presentation highlighted the importance of raising awareness of financial inclusion.

Financial Supervisory Authority (FSA)
The GMW celebrations started at the Bucharest Stock Exchange (BSE), which was live streamed on Facebook. A financial education storybook was published to teach children basic financial concepts via a fairytale. Furthermore, a debate was held and a train-the-trainer seminar was organized, where teachers could expand their financial knowledge. A second edition of EduFin Gala Awards was organized to celebrate innovative financial educational initiatives. The International Consumers Rights Day was celebrated with a Bus City Tour, where the FSA explained financial markets and rights to consumers. An online financial educational course, InfoCons, for teachers, was launched.

Banca Comerciala Romana (BCR)
BCR participated in GMW2018, organizing multiple events with its partners, including 85 workshops, reaching 5000 children. The workshop subjects included setting financial objectives, creating a budget, difference between needs and wants, and saving for the future. Money School on Wheels, a truck adapted to function as a financial literacy exhibition, offered workshops for children aged 7-14 on financial topics.

Association for Performance Promotion in Education
During GMW2018, students visited the Museum of the National Bank of Romania, regional branches of NBR and credit institutions, and participated in conferences on financial education. Other events organized were a fair, poster competitions, making piggy banks, writing papers, and making films related to money. The Olympics for Junior Bankers were organized. As this year celebrated the centenary of the Great Unification of Romania, children of the Republic of Moldova also participated. The activity encourages creativity and innovation, beyond the financial education taught in classrooms.

OK Center Romania
Throughout the GMW2018, OK Center and its main partners, the Right to Education Foundation, the Financial Supervisory Authority (FSA) and the Ministry of National Education, reached 280 students in Bucharest. The FSA and Ministry of National Education invited students from different schools in Bucharest to participate in  financial education training sessions. These training sessions were held in the OK Center, Romania's first hub dedicated to financial education for youth and adults. They were led by the trainers from the Right to Education Foundation. The children and teenagers who took part in these training session learned important financial concepts to develop healthy financial behavior. They learned about financial products available on the market (credit versus debit card, deposits, types of loans, interest and compound interest rate, pay pass, internet banking, hedge funds), the relationship between risk and return, the role of different economic agents and the relationship between them, important information when planning to start up a business, and more. The trainers used the methodology 'edutainment' (or 'education through entertainment') methods to teach these concepts. All activities were designed to be fun, engaging and interactive as youth worked together to solve different finance-related problems. The students were also developed important life skills, such as critical thinking, creativity, communication, and team work. While children and teenagers from Bucharest were attending these sessions, the Right to Education Foundation also organized other training sessions with the help of their partners from the Teglas Gabor High School. Two trainers worked with the youth from Deva using both Romanian and Hungarian languages. The FSA, together with ARDOR, organized a debate on finance at the OK Center. 25 students from schools in Bucharest participated in this debate and the winning team received awards on behalf of the FSA. The FSA also held a financial education session for 28 school children. The OTP Asset Management held a workshop college students at the OK Center. During this workshop the students learned about hedge funds and popular myths about them.

Royal School in Transylvania
This year GMW was opened with a community assembly. Representatives from different companies were invited to speak with the students. Throughout the Week, the students learned the fundamentals of entrepreneurship. They established functional business plans that needed to be environmentally friendly and have a charity component. At the end of the Week the plan with the most potential was selected. Furthermore, students had the chance to learn about money at the Numismatics Exhibition.

Transylvania College | The Cambridge International School in Cluj
During GMW2018, Transylvania College, along with their partners and sponsors, organized multiple events for their students. Students in Kindergarten learned about savings via a puppet theater. For primary students, a fair was organized, where students sold crafted goods. They also participated in Chess the Community Project, aimed to raise awareness on financial and entrepreneurial education. Middle school children participated in different activities, including job shadowing, trading activities, and workshops on entrepreneurial skills. High school students attended financial workshops with students from neighboring schools. The workshops presented a great opportunity for the students to connect with professionals. The last day of GMW was dedicated to a career fair, where high school students interacted with professionals. They received coaching sessions on how to conduct an interview and learned more about business etiquette.


2017 Romania Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

NUMBER OF CHILDREN REACHED DIRECTLY:

  • 23 635

NUMBER OF CHILDREN REACHED INDIRECTLY:

  • 506 000

Throughout the Global Money Week 2017, the National Bank of Romania reached 8300 children and youth through visits to the premises at the NBR branches and agencies, in addition to the educational activities developed in schools.

The program consisted of presentations on the national currency history/history of money/history of the NBR/economic and financial basics about credit, deposit, and inflation, with focus on local peculiarities and the security features of banknotes, as well as NBR’s educational videos “ The History of Money”, “ Security Features of Banknotes”, “The Lifetime of Banknotes” (available at NBR’s YouTube channel - „The History of Money” (Romanian Only), “Security Features of Banknotes” (Romanian Only), „The Life of Banknotes” (Romanian Only).

Moreover, students and teachers from Bucharest visited the NBR’s headquarters , NBR Museum , where they could discover The Treasury houses, history of coins and medals (a virtual tour of the NBR (http://www.bnr.ro/files/tur/EN/index.html) and the Cash Processing Centre – presentation by NBR Bucharest Regional Branch representatives.

At the final events, all participants received informative materials about activity of institution, contributed by NBR, in addition to materials provided by the European Commission about safety elements of euro banknotes and more educational booklets.

While the Global Money Week 2017 took place, the Financial Supervisory Authority (FSA) along with all its partners, in both public institutions and corporates, had planned to organise several events- particularly addressed to children and youth, but also to teachers, as part of the educational system (as children will become indirect beneficiaries). From our statistics, through all our initiates, we managed to reach more than 514.000 children and youth.

We began the celebration of GMW one week before by participating with an online educational program broadcasted on web. We had used that opportunity in order to highlight the necessity of raising awareness about financial education among teachers, parents and professionals. On that occasion we have also announced many details related to the initiatives that were planned for the last week of March.

Our official GMW started with the Bucharest Stock Exchange festively opening on Monday, 27th of March. A group of 65 children (both from primary and secondary schools), together with high-level representatives of FSA and BSE took part at the opening.

On the same day, we launched a financial education contest in partnership with Bucharest Academy of Economic Studies, addressed to students from Cybernetics.

We have managed to respect the planned schedule even though it was very tight. Every day, simultaneously, several educational events took part:

  • The academic laboratory – an interactive activity designed to illustrate the format and concepts offered by university students: University students engaged themselves in interactive discussions with professionals from non-banking markets, while comparative analyses between various practical and specific technical concepts in the non-banking financial markets are presented in addition.
  • Informal interviews of professionals taken by children – during the GMW 16 children with ages between 8 and 14 have interviewed 9 CEOs or Presidents of selected corporates from non-banking financial markets.
  • “Let`s talk about the non-banking financial markets” – between 27 – 31 of March the lessons of our educational program addressed children and teenagers in 9 different educational institutions.
  • Kindergarten educational games took place in the central park of Iasi for more 300 hundred children up to 6 years old. We have also had this type of games for 100 children from a kindergarten from Bucharest. On this occasion we have launched a booklet for small children.

On Thursday we have celebrated GMW in Iași where the following events were organized:

  • Train-the-Trainer seminar addressed school teachers interested in expanding their knowledge in non-banking financial markets.
  • High-level knowledge seminar dedicated to non-financial markets professionals, with more than 200 participants.
  • A voluntary action initiated by FSA and supported by 16 non-banking corporate representatives and the School District of Iași, through which 11 schools updated their library collection with books donated by volunteers - the CSR project was based on financial inclusion and financial education objectives.
  • A market exhibition was also arranged in order to support the interaction between corporates and general population. On this occasion, the visitors had the opportunity to understand the mechanisms of the markets through interactive presentations.

On Thursday night, the first edition of EduFin Gala Awards took place. We planned this event because we wanted to celebrate the most innovative financial educational initiatives and programs that were developed and extended in 2016. We had more than 200 participants.

We ended the celebration of the GMW on Saturday with the third edition of the “Be smart” event which is an interactive educational program addressed to young children of ages between 7 to 12 years though which they learn about the importance of financial planning, diversifying revenues, ways of identifying the needs and of the risks and the usefulness of having an insurance, and key tips about investing.

Upper middle school students from Transylvania College and ‘Lucian Blaga’ high school benefited from the SchoolBank programme, wherein they participated in 14 financial workshops, leading up to their visit to Banca Transilvania where they opened their personal savings accounts.

During the week, students in Transylvania College participated in various activities tailored to their age and needs. Children in kindergarten watched Financial Puppet Theater, learning about saving resources by meeting their favorite puppets. They also listened to financial-themed stories told by their older peers, and participated in a workshop delivered by a student in Year 10, a member of our Eco Team, on the importance of keeping our planet clean. Once they understood the impact of trying to ‘save’ the environment, the students’ Eco Team helped them organize a Spring Cleaning and Bottle-Hunt around Transylvania College.

Primary students worked alongside their parents and friends to craft goods, and set up shops to sell their handmade products, thus, learning the real value of money through personal effort. They raised 4883 RON (a little over 1000 Euro), which they donated to the Make a Wish project. Moreover, they were offered a certain amount of money to invest in various simulated situations, with the objective to save or make as much money as they could by the end of the session. Further during the week, upper primary students took part in a debate on the motion: ‘This house would introduce Basic Economics classes in the standard curriculum, starting from Y6/Grade 5’.

Students in high school had the opportunity to meet and discuss with 10 successful professionals from various fields, in the 10 Success Stories conference. In Literary Café, a socio economic magazine coordinated by our students had its debut. Towards the end of the week, students connected with the real world by taking part in Financial Workshops delivered by guest-specialists, and competed in the Minimalist Drawing Competition, with students from Bucharest.

Apart from taking part in the SchoolBank programme, middle-schoolers spent a whole day shadowing their parents at the workplace, in order to learn more about the adults’ jobs, and to get accustomed to being in a professional work environment. The next day, they shared their experiences with their colleagues and with the staff, during the ‘Let’s Talk’ sessions. Towards the end of the week, these teenagers entered a game of Life Sized Monopoly, where they played their beloved game in a human sized version, having to walk on the board from square to square, where they encountered, not ‘Boardwalk’, but real-life organizations from their environment. Furthermore, they took part in a Trading Game, where they deepened their understanding of international trade and its macroeconomic implications, by trading cocoa beans between fictitious developed, and developing countries. Finally, on Enterprise Day, they had their entrepreneurial skills and ingenuity put to the test in a challenging event.

Throughout the week, students in Transylvania College earned Funny Money, banknotes of various values, depicting real members of our Student Leadership Team. These were given for outstanding behaviour and exceptional class interventions. With this currency, they bought individual or group privileges from the school management, such as: no uniform day, lunch at a restaurant with their form tutors etc.

Throughout the Global Money Week 2017, Royal School in Transylvania along with its partners gathered 150 children and young people through visits to Baracca, Banca Transilvania, Dog Assist, High Class Trading and Polisol. During the GMW 2017, the students attended VIP talks from 5 success people who shared their insights about what makes a person successful. High-level discussions, seminars, and other educational sessions were organized with the help of the sponsor Banca Transilvania. Global Money Week began this year with BizYNight on 24th March. This is a special event created for students from years 2-9 and their friends. Students spent a night in Royal School and felt the school spirit. During the event, they were allowed to bring two friends to enjoy the atmosphere and feel the rhythm of music together. The event started at 7 p.m. and the BizYNight organizing committee started the night with a karaoke competition for both teachers and students. Other activities included Wii, X-Box, movies, board games, dance competitions and lots of fun!

Throughout the Week, young people were able to enjoy themselves with Avatar Virtual World Experience and had the chance to explore the ocean. Furthermore, this year, the students had the opportunity to attend a presentation of 3D Printing the Future, where the teachers from ‘Technical University’ explained and showed the students how the 3D printing is working by printing a little robot and a small tag with the word ‘Royal’. Other activities included a new edition for the House Games, a Piggy Bank workshop, a Smart coins house competition, a simulation of a Big Auction, a numismatic exhibition and opening of the Vamos a la Playa Restaurant. On the 1st of April, at the end of the Global Money Week, all members of our community, students, parents and teachers were invited to the Botanical Garden "Alexandru Borza" and took part at the project "Beautiful Spring in Cluj" and helped with the spring clean-up, event organized by Pro West Foundation.

In the course of The Global Money Week, the following kindergartens : Viseu de Sus no.1, „Floare de Colţ” Baia Mare, Prolongued program no. 9 Sighetu Marmaţiei and Step by Step Baia Mare have organized various activities, on the „money” theme, along with their partners, involving a total of 350 pre-schoolers and 20 professors. The activities have had the purpose of familiarizing the children with financial-banking terms (saving, bank, piggy-bank, money, credit card, account, ATM…) and making them understand the entrepreneurship notion. The pre-schoolers have participated directly in entrepreneurship activities, visits, workshops on various themes, role plays, pictorial-artistical activities, contests, and so on. At the end of the week there were organised two role plays: „The couriouse’s restaurant”, and „Mushrooms Hairdreser” in which were involved parents, grandparents, professors, auxiliary staff and managers.


2016 Romania Global Money Week

LEADING ORGANIZATIONS:

PARTICIPATING ORGANIZATIONS:

DATE OF THE EVENT:

  • 14th - 20th of March

TOTAL NUMBER OF CHILDREN AND YOUTH ENGAGED:

  • 38 292

TOTAL INDIRECT REACHED:

  • 24 595

GMW 2016 in Romania ran as part of the “Let's Talk About Money and Banks” project, organized by the National Bank of Romania (NBR) in cooperation with the Ministry of National Education and school inspectorates.

During the Week, students attended various events on the premises of the NBR branches across the country, agencies and in schools. Presentations at the branches were given on the national currency history, history of money, history of the NBR, economic and financial basics about credit, deposit and inflation, local peculiarities and the security features of banknotes. The NBR’s educational videos “The History of Money”, “Security Features of Banknotes”, “The Lifetime of Banknotes” were also incorporated into the presentations. These videos and are available to view on the NBR’s YouTube channel (https://www.youtube.com/watch?v=eXMLuHPdVLI&feature=youtu.be) along with a virtual tour of the NBR (http://www.bnr.ro/files/tur/EN/index.html). Moreover, students and teachers from Bucharest visited the NBR’s headquarters, the Old Palace, NBR Boardroom, the Governors' and the NBR Library. Furthermore, representatives of the CFA Society Romania joined the NBR teams for the first time to deliver presentations on financial and banking topics in a number of schools in the counties of Teleorman, Giurgiu and Dâmboviţa.

Furthermore, a 7th grade class of children, already enrolled in the ASF’s financial education program, opened the day at the BVB. Several representatives from ASF, BVB and the media were present along children. The ASF speech focused on the importance of financial knowledge for children and young people, and also announced the launch of ASF’s financial education website, dedicated to the needs of children and youth (www.asfromania.ro/edu). This is the first Romanian financial education website managed by a public authority and dedicated to children and youth. ASF also continued the financial education classes in schools and high-schools, as per the national financial education program developed in collaboration with the Ministry of National Education and Research.

On 17 March, at the Dimitrie Cantemir University, Bucharest, the first “Academic Laboratory” took place in which students were presented with case studies and interacted with professionals from non-banking markets. The workshops and debate were a premiere in the academic environment, both as a format and as a concept. Over a period of four hours, students took part in interactive discussions and a comparative analysis between various practical and specific technical concepts in the non-banking financial markets (insurance, capital market and private pensions).

The series of events dedicated to financial education during Global Money Week ended on 19 March, when the second edition of the "Be Smart" event was held for children between 10 -14 years of age at ASF’s headquarters. Through this non-formal education program, based on interactive presentations and open discussions, concepts regarding the importance of financial planning, diversifying revenues, key tips about investing and the ways of identifying the needs and of the risks and the usefulness of having insurance were explained to the children.

During GMW, EduBiz conducted games and activities with 345 high school students (15 -18 years old). Because EduBiz emphasizes that financial products for children and youth need to be adapted, interactive and safe, a survey was conducted during GMW on adequate financial products for youth and children, in collaboration with CYFI. Transylvania College organized several fun, interactive and practical GMW activities for its students as well. For example, “Job Shadowing” activities, Success Stories and Story Telling, life-size Monopoly game, financial workshops, "Dragons Den" market are only some of the activities organized in the school. At the end of the Week, there was an international Open Debate Competition on financial issues. Students of Royal School in Transylvania also had the chance to participate in a general assembly, where students attended VIP talks from seven entrepreneurs who shared their insight about what makes a successful business person. Other activities included visiting a greenhouse, mindfulness training by Trinity House, a stock market competition and a trading presentation by High Class Trading, piggy bank innovations, a coin treasure hunt, a numismatic exhibition and a big opening of the Sunflower Restaurant!

Seeing the painstaking work done in making coins, students have vowed to take care of each coin, however small would value it and will cherish the value of money"Prof. Danciu Felicia, Gheorghe Lupan School, Groşi, Romania
"I will tell my friends what I have learned in this program as I think I gained important knowledge for my future." Alexandru, 7th Grade, Romania
"I will gladly tell my friends everything because I think this information should be known by everybody."Raluca, 7th Grade, Romania

2015 Romania Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 9th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 5 180

Similar to 2014, Global Money Week (GMW) ran as part of the Let’s Talk About Money and Bank project , organised by the National Bank of Romania (NBR) in cooperation with the Ministry of National Education and school inspectorates. From 9-17 March 2015, students accompanied by their teachers attended various events at the NBR branches and agencies or in schools. The nationwide framework program of GMW included visiting the NBR’s network across Romania. In the case of NBR branches, the program also included visits at the centers for processing and destruction of banknotes where the children also had the opportunity to see the new processing center and the latest equipment in order to remove from circulation the banknotes with defects (i.e. holes, tears). The program consisted of presentations on the national currency history, history of money, history of the NBR, economic and financial basics about credit, deposit and inflation, with focus on local peculiarities and the security features of banknotes; and NBR’s educational videos “The History of Money”, “Security Features of Banknotes”, “The Lifetime of Banknotes”.

Furthermore, students and teachers from Bucharest visited the NBR’s headquarters, namely the Old Palace , NBR Library, which holds one of the largest collections of economic literature in the country, NBR Boardroom and The Governors’ Gallery: a line of portraits of the governors, and the NBR Museum , where they could discover The Treasury houses, history of coins and medals. Overall more than 5110 students were involved in the project. Over half of them are enrolled in primary school and a third in middle school.

Teachers feedback following these events was key for a positive impact on the students. Teachers involved in the Global Money Week project have expressed strong interest in a future cooperation with central bank experts. Therefore , the dedicated programme jointly implemented with the MNE under the motto Learn more, improve yourself was extended by more than one week in order to accommodate the great number of requests from schools.

The Romanian Youth Forum also took part in Global Money Week through the organization of the „Start in Antreprenoriat” ,a conference specifically designed for young entrepreneurs. Among the main talking points were topics such as: “Lean Startup”, “Sources of finance”, “Romania Hub”, “Entrepreneurship, Think and Grow Rich”, and “CSR for an authentic business”. The speakers were recognized personalities from Romanian business community representing organizations such as Social Responsibility Magazine, the Romania Association of Entrepreneurship, Romania Association of Entrepreneurship and Junior Achievement Romania. The speakers were asked to provide authentic business solutions that young people in the audience could use.

At Transylvania College, the Global Money Week 2015 started with an assembly where teachers presented the projects that they have coordinated and students from PIL (primary international line) along with some staff members held the STOMP dance and music (made all from recycling materials). A Start Up competition was also launched. For students in the Kindergarten and Primary School a Financial Theater, “Pinocchio & Economy” was organizeda puppet theater initiated by two local actors who taught the little ones the importance of saving money with Pinocchio’s help. This was a very interesting experience for the little ones who fully enjoyed the play. For primary students the Dragons Den Competition started the second day. Other classes from the primary line worked for The Silent Auction, creating objects from recycled materials.

High school students and grade 8 had the privilege of participating at the second edition of 10 Success Stories Conference, which was a great opportunity of receiving great pieces of advice from 10 special speakers that have dedicated their time to share their life experience with them. Middle and High School students also enjoyed visiting five locations in Cluj: some went to Aegon, some to Arobs, Iulius Mall, BNR or BT. The school was even opened during the weekend, when a National Debate Competitionwas organized. With the support of ARDOR organization, students from debate clubs from all around Romania have come to the school in order to compete on financial motions. After a productive working Saturday finalized with a special party, on Sunday two teams entered the finals and tried to convince the jury and the public about their power of making a valid point and of defending their opinions. The winning team won a special debate scholarship which will cover future debate costs and admission fees.


2014 Romania Global Money Week

PARTICIPANTS:

DATE OF THE EVENT:

  • 10th - 17th of March

NUMBER OF CHILDREN REACHED:

  • 7 695

Preparatory work for the Global Money Week 2014 campaign kicked off as soon as the National Bank of Romania (NBR) received the invitation to join the Ministry of National Education (MNE) in carrying out this event nationwide initiated by Child and Youth Finance International. NBR has been conducting financial literacy projects since 2008. For GMW 2014 the NBR, Visa International and Junior Achievement jointly implemented events for primary and middle school students. The first of which was the ‘International Conference on Financial Education: Investment in the future of the society’ organized and sponsored by VISA Romania, NBR and MNE. The conference was the first important step towards the elaboration of a white paper on financial education in Romania.

NBR’s nationwide programme for GMW included visits to NBR’s national branches; visits to the centres for processing and destruction of banknotes; participation in presentations on the history of the national currency, money and the NBR, with a focus on local peculiarities and the security features of banknotes; and screening of NBR’s educational videos “The History of Money”, “Security Features of Banknotes”, “The Lifetime of Banknotes” and “Virtual Tour of the NBR’s Old Palace”. Students and teachers in Bucharest attended the International Conference on Financial Education: Investment in the Future of Society on the 13th March and visited the NBR’s head office, the NBR Museum and the State Mint. Participants were also invited to watch Eugène Labiche’s “Piggy Bank” performed by the Romanian troupe of the Wiener Kindertheater under NBR’s project “Cultural Days of the NBR 2014”.

Overall, more than 6,100 students and approximately 360 teachers from 124 schools across Romania took part in this project throughout GMW. The number of students involved in the project averaged 1,013 per day and peaked at 1,136 on 13 March, when the Conference on Financial Education: Investment in the future of the society was organised.

The financial messages were multiplied via follow-up sessions in the educational venues. The feedback the NBR received following these events is a key indicative of the impact which they had on the students. They loved the new and fresh way the history of money was showcased, and the accessibility of presentations, i.e. the concepts were explained in plain language and the videos were fun and entertaining. The programme was so enjoyed by both students and teachers that the motto ‘Learn more, improve yourself!’ was extended by more than one week in order to accommodate the great number of requests from schools and universities.

NBR and MNE have implemented an optional financial education subject as part of the alternative curricula for primary education approved by the Romanian Ministry of Education. It was first implemented in the academic year 2013 – 2014. During Global Money Week, 1095 students who take the subject participated in a regional financial education competition called the ‘Olympics of Young Bankers’ (‘Olimpiada Micilor Banchieri’).

Visa Europe launched the BaniIQ program, together with the Romanian Member Banks, the Ministry of Education, UNDP, the National Consumer Protection Authority, Junior Achievement and IREX. BaniIQ is an effort to scale up and coordinate financial literacy efforts on a national scale.

Junior Achievement (JA) Romania organized learning-by-doing activities on financial topics for students aged 6-19 years delivered by JA teachers and business volunteers from partner banks Alpha Bank, BCR, BRD Groupe Société Générale, Credit Agricole, ING Bank, Millenium Bank, Raiffeisen Bank, Banca Transilvania, UniCredit Tiriac Bank, VISA EUROPE, and the Romanian Stock Exchange. JA also organized Innovation Camps where high-school students partook in creative and innovative challenges on financial topics. The ultimate aim is for JA to gather information to create a white paper on financial education called ‘Teens Personal Finance’. JA also collaborated with Bucharest Stock Exchange in organizing a capital market and stock exchange platform presentation for high-school students.

Transylvania College, the winner of the Global Money Week Award 2013, organized a financial and entrepreneurial education program, the first of its kind in Romania. This year the activities will be organized around the theme “Start-up”, in connection to the global theme ‘entrepreneurial’ theme of CYFI. This year Transylvania College wants to answer the question: What do children and youth want for their future? Therefore, their project aims to educate the children and youth to be ready for contemporary society where they need to be financially “literate”, but also to encourage them to share ideas, take a stand, and to make an impact on the future society at a global scale. Over 500 children and 100 staff members were involved in many exciting activities related to financial education and entrepreneurship such as Video Chat Cafe and VIP Talks; Youth Talks and the Dreams Bank campaign.

A host of activities were organized by the Transylvania College such as ‘Funny Money’ where the students earned money for various positive actions and good behaviour during the week. During the daily House meetings the students decided about the way they will increase their amount of money by the end of the week. They can choose to deposit the money in the ‘Virtual Bank’, a facility especially offered by Banca Transilvania for this event. Visits were organized to Banca Transilvania, Auchan Supermarket and a recording studio (showing an entrepreneurial activity). Primary school (international line) will receive a visit from the Fire City Department for a career orientation activity. The school’s radio announced events, daily results of contests, the exchange rate for Virtual Stock Exchange competition and topic related songs. A webinar was held by Eusebiu Burcas for the parents of young children, where he spoke about how to raise a “Prosperous Child.” An exhibition & auction celebrated young entrepreneurs where hand-made products by students (primary and middle school) were sold to parents and community members.

High school students had a great opportunity to meet 10 successful entrepreneurs who were the school’s special guests for an interactive panel on the topic of “Key to Success for Young Entrepreneurs”. The students participated in a debate on whether it is necessary to introduce financial and entrepreneurial classes in the schools’ curriculum.

A fresh idea this year is the ‘Start-up Competition’, organized for 14-19 year old students who are willing to put their entrepreneurial skills to the test. After several training sessions the participants had the opportunity to present their projects to a panel of financial and entrepreneurial specialists who chose projects that can actually be successful as small businesses. The selected projects qualified to enter the finals where a special jury will decide upon the 3 best projects which will be financed for a whole year (until the next edition of My Money Week).

A competition was organized among the 3 school houses in order to create problem solving skills among young people working in teams. They had to solve problems arising within their virtual companies. Financial Football was also played to learn about financial education and entrepreneurial concepts through a video game produced by VISA. ‘Youth Inventika’ is an acitivity were high school students were challenged to come up with creative solutions for an instrument to save time, money and, at the same time, be eco-friendly. Their proposal was to be submitted for approval in order to be admitted in the competition. The accepted proposals were produce as a prototype and presented in front of a judging panel. The works were exhibited in the school’s hall.

Even Kindergartens were involved in Global Money Week with activities such as ‘career week’; ‘funny math’ where kids learnt simple arithmetic with coins; ‘the smart shopper’ where kids visited grocery stores in groups and learnt about prices, payment, change, and budgeting; and ‘Cake Sale Day’.

Global Money Week ended with an event that has already become a tradition in our school - ‘Rock the Night’ - where the participants of Global Money Week celebrated the end of the week of activities with music and dancing. The funds gathered during Global Money Week and ‘Rock the Night’ are donated to the fight against childhood cancer.


2013 Romania Global Money Week

NAME OF THE ORGANIZING ENTITY:

  • Junior Achievement Romania

PARTNERS:

  • Ministry of Education
  • Raiffeisen Bank
  • Visa Romania
  • Unicredit Tiriac Bank

DATE OF THE EVENT:

  • 15th – 21st of March

NUMBER OF CHILDREN REACHED:

  • 22 930

During Global Money Week, Junior Achievement Romania (JAR) provided 22 930 students with in-school learning by doing activities, focused on financial education, with the support of business volunteers from banks.

The eight financial education programs implemented during this week (through Primary school: Ourselves; Gymnasium: Money sense; High school: Personal Finance, ABC Banking, ABC Insurance, Insure your Success, the Stock Market, Money IQ), helped students get a better understanding on managing personal financial and building a healthy financial life within their family and for their future.

The business consultants from the banks visited schools and taught students about financial education through interactive activities provided by JAR.

Over 200 business consultants volunteered their knowledge and a total of 1 100 hours of their time and help students become financial independent in the future. JAR provided teachers and students, free of charge, with full kits of materials for all programs:

  • teacher’s guide, business volunteer guides, student notebooks and auxiliary materials
  • teacher training
  • evaluation tools, including online/onsite pre- and post-testing,
  • business volunteers in the classroom
  • teacher and student certificates
“These activities are very useful for us because we get the opportunity to meet practitioners from different fields, individuals who represent models for us.” - Student