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2024 Romania Global Money Week

GMW NATIONAL COORDINATOR:

  • Financial Supervisory Authority, The National Bank of Romania

PARTICIPATING ORGANISATIONS:

  • Financial Supervisory Authority, National Bank of Romania, Bucharest Stock Exchange, Institute of Financial Studies, several Universities, several Primary and Secondary Schools, High schools, Central Depository, CECCAR, UNSAR, RRA, School inspectorates, Romanian Association of Banks, Directorate for Child Protection Social Assistance, EduAct Bucharest Association, Municipal Library "Stroe S. Belloescu" Bârlad Vaslui, Community Foundation Buzău - Country Museum Buzău, NGOs, museums

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 75

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 22 340

NUMBER OF ADULTS REACHED DIRECTLY:

  • 2 200

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 3 454 200

Ringing the Bell at the Bucharest Stock Exchange marked the start of GMW. More than 1600 youngsters from all over the country participated in the hybrid event. During the week, experts from Financial Supervisory Authority (FSA) were present for lectures, educational and edutainment activities in schools and universities, but also in different locations that gathered specific target groups of youngsters and adults. Workshops focused on financial concepts and the functioning of the financial markets. The FSA’s programme for disadvantaged children from foster homes (Start4Life) continued with special activities, providing financial education to a vulnerable group and recognising the importance of inclusivity in financial education efforts. The FSA Olympics, in collaboration with UNSAR, is a yearly financial education competition for secondary and high school pupils. The finals were held during GMW. A special webinar for teachers was held, focusing on best practices in financial education, aiming to equip teachers with effective methods for teaching financial literacy. Complementary, two professional courses for teachers were held, addressing continuous learning in financial education topics. Teachers also were beneficiaries of the FSA Financial Literacy Magazine, distributed in schools nation-wide, sustaining teachers in delivering high-quality financial education.

A webinar for parents provided guidance on how to do financial literacy activities in the family, recognising the role of parents in shaping the financial behaviour and attitudes of their children, and sought to empower them with the necessary tools and knowledge. Adults were addressed through different programmes. Financial Wellness - a tailored programme at the workplace, social media campaigns and a radio programme. Adults were also targeted by a free-access campaign to Central Depository, potentially enabling them to access and utilise central depository services with ease.

Experts from National Bank of Romania (NBR) branches and from its central headquarters engaged with over 12,000 children in over 130 universities, primary and secondary schools. During these events many topics were discussed such as saving, investing, personal and family budgets, needs and wants, Romanian Leu’s security features, the history of money, the role of the central bank in the economy, monetary policy, inflation, financial frauds and scams, and behavioural economics. All interactive presentations included a short Q&A session. Children asked creative questions and offered their own thoughts about how they see money in the future. Others shared how they save and how they think their financial behaviour could be improved.

This year’s Global Money Week theme “Protect your money, secure your future” turned out to be very interesting as many children were very engaged in this topic. They wanted to know more about how to stay safe while using their personal information when doing online transactions and how to avoid being victims to frauds and scams.

More than 6,260 students aged 13-15 years, coming from 390 schools, high schools and national colleges enrolled into the 6th edition of the national final of the European Money Quiz contest, organised by the Romanian Association of Banks in a partnership with the National Bank of Romania, the Financial Supervisory Authority and the Romanian Banking Institute. The European Money Quiz is a European contest which took place under the Global Money Week and the European Money Week events.

The 8th edition of the European Conference for Financial Services (ECFS) 2024 on Digitalisation and Sustainability in the Financial Sector was organised by the Institute for Financial Studies (ISF) and FSA. Over 100 economists, professors, entrepreneurs, researchers attended the Conference.

2023 Romania Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of Romania

PARTICIPATING ORGANISATIONS:

  • Financial Supervisory Authority; Institute of Financial Studies; Bucharest Stock Exchange; Body of Expert Accountants and Chartered Accountants from Romania (CECCAR); National Union of Insurance-Reinsurance Companies from Romania (UNSAR); University of Bucharest; Școala de valori - NGO; Centrul Școlar de Educație Incluzivă Com Filipeștii de Târg Prahova

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 48

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 10 435

NUMBER OF ADULTS REACHED DIRECTLY:

  • 1 230

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 56 805

GMW 2023 was opened by ASF and Bucharest Stock Exchange (BVB) with the official opening of the trading session on the debut of the wee, which was also broadcasted live on social media. The first comics on financial education in Romania was launched by ASF. The story and the comics are made by a 20 years old Romanian student. Furthermore, a unique board game was launched by ASF, the Financial Detective, which is a card game based on real financial stories. ASF also developed Start4Life, a programme which has as objective not only financial education, but also strengthening financial resilience and financial inclusion of vulnerable young people who are hosted in orphanage or similar types of institutional houses. During GMW 2023 ASF launched another programme dedicated to universities and students, in partnership with ISF and the University of Bucharest: the White Night of Universities. This is an event for all students from Bucharest, implementing financial literacy workshops and activities in a creative, edutainment way. The European Conference of Financial Services (ECFS) 2023 on the theme ”European Reforms for Sustenability and Green Transition in the Financial Sector” was organised by ISF, with the support of ASF and under GMW 2023. A webinar about professional liability insurance was held under Financial Wellness programme, in a partnership between ASF, the Body of Expert Accountants and Chartered Accountants from Romania (CECCAR) and UNSAR. IMMHub is a programme dedicated by ASF to MSMEs entreprenours in order to improve not only their level of financial literacy, but also to create a playing field that could offer premises of sustainable growth. Școala de Valori, an NGO from Romania, reached through its activities over 1500 children and teens, within 89 financial education workshops. The project covered youngsters from 5 diferent countries. Under GMW, a series of lectures were held in schools, high schools and universities. New media resources were uploaded on our dedicated website – www.edutime.ro, addressing all age groups. GMW2023 was also marked by the final of ASF Olympics – a financial literacy contest for grades 8 and 11. Under the programme We all count! addressed to the rural schools, ASF had a half day educational class in Brașov County. The GMW is completed with Start2Learn: Personal finances – a programme developed by ASF and ISF that addresses high school students in different Romanian cities. The programme consists of 6 intensive lessons and several more hours on a educational online learning platform. FinClub is an online activity for high school students who want to learn more about financial markets – in GMW a famous antrepreneur spoke about how to manage your personal finances and how to conduct a business. Also, ASF Student Club is another activity that took place and university students learnt more about businesses and finance from a TedTalk about management of a large business and how to use financial instruments and products to improve business.During Global Money Week 2023, together with partners, Centrul Școlar de Educație Incluzivă Com Filipeștii de Târg Prahova reached 93 children and young people through several digital activities, such as TV talk shows, online visits to stock exchanges in Rwanda, Slovenia, Romania Bucharest Stock Exchange, organisation of financial education fairs, online digital activities, online trips to the money museum. High-level discussions, seminars and other online educational sessions were organised with BCR. Moreover, the students this year had the opportunity to participate in online activities such as games on the financial theme, lessons, word games on topics related to money.

 

2022 Romania Global Money Week

GMW NATIONAL COORDINATOR:

  • The National Bank of Romania

PARTICIPATING ORGANISATIONS:

  • Financial Supervisory Authority, Central Depository, Bucharest Stock Exchange, UNSAR, Institute of Financial Studies, teachers organisations, Royal School of Transilvania, Promoting Performance in Education Association (APPE), universities, schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 427

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 33,020

NUMBER OF ADULTS REACHED DIRECTLY:

  • 4,002

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • 10

In 2022, the National Bank of Romania took a lead in coordinating GMW in the country. It aimed at increasing the level of financial education among children and young people as well as boosting financial inclusion. Over 400 organisations were involved in the week and managed to reach more than 30,000 children and 4,000 adults through various activities.

35 experts from NBR’s branches and from its central headquarters engaged with over 20,000 children in over 140 universities, primary and secondary schools. During these events many topics were discussed such as saving, investing, cryptocurrencies, personal and family budgets, needs and wants, Romanian Leu’s security features, the history of money, the role of the central bank in the economy, monetary policy, inflation, and behavioural economics. All interactive presentations included a short Q&A session. Children asked creative questions and offered their own thoughts about how they see money in the future. Others shared how they save and how they think their financial behaviour could be improved. In the same week, two new episodes in the “Financial Education with Ana and Radu” educational film series were launched. These shows highlighted saving and bank cards. The first issue of the Newsletter on Financial Education was released in a bid to further connect to the international financial education efforts. It focused on behavioural economics and included contributors from law and banking sectors who offered their own perspective on how financial behaviour of the population has changed in the last few years.

The Financial Supervising Authority organised several events addressed to children, youngsters and adults. GMW started with a ringing the bell at Bucharest Stock Exchange. FSA developed programmes for different groups such as athletes, artists, art students and disadvantaged youngsters. Webinars for teachers, educators, and for parents were included in their agendas. FSA Olympics and a national drawing contests were also organised. ASF reached students through a trading programme with successful entrepreneurs. A TV talk show was dedicated to GMW. A 24-hour financial education marathon was organised on Facebook. The European Conference of Financial Services by ISF addressed this year the issues of sustainability, resilience and innovation in financial services.

Over 2,700 students from more than 180 primary and secondary schools attended the fourth edition of the national finals of the European Money Quiz contest organised by the Romanian Association of Banks together with its partners. The winners of the two sessions represented Romania in the European Money Quiz finals.

APPE reached children and youth through several digital activities from an online platform to an education software. Different high-level seminars and discussion were organised for teachers. Students from several high schools organised exhibitions with old money, discussed cryptocurrency and future of money. They organised fairs and the profit obtained was granted to disabled children.

Royal School of Transylvania developed programmes where children had an opportunity to capitalise on their ideas, turning them into real businesses. They received funding and monitoring support until the end of the school year. Other students enjoyed being part of a workshop. The guests shared their success stories and answered any questions students had on topics such as saving, investing, risk taking, and how to make profit. At Royal School in Transylvania, Global Money Week ended this year with an ambitious fair. In addition, Gradinita cu programme prelungit "Paradisul Copiilor" Craiova, programme tested new child-centered approaches to help children learn about money matters.

2021 Romania Global Money Week

GMW NATIONAL COORDINATOR:

  • Financial Supervisory Authority (ASF)

PARTICIPATING ORGANISATIONS:

  • Romania National Bank, Financial Studies Institute (ISF), Bucharest Stock Exchange (BVB), Romanian National Radio (RRA), Profit.Ro, EM360, Romanian Association of Banks (ARB), National Union of Insurance and Reinsurance Companies (UNSAR), Romanian Banking Institute (IBR), Promoting Performance in Education Association (APPE), Sago Finance SRL, High Edu, One Minute Economics, Finante FM, The Freepreneur, Educat si Bogat Blog, Royal School in Transylvania, school inspectorates, schools, universities and volunteers

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

  • 325

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

  • 25,658

NUMBER OF ADULTS REACHED DIRECTLY:

  • 3,612

NUMBER OF PEOPLE REACHED INDIRECTLY:

  • Not reported

Throughout Global Money Week 2021, Romanian authorities, institutions, associations, companies and key opinion leaders, along with their partners, joint efforts in organising local and nationwide activities to celebrating the 9th edition of the Campaign. Once again, the Financial Supervisory Authority (ASF) and its partners held GMW2021 Launch Event at the Bucharest Stock Exchange. This online ceremony was livestreamed on social media and watched by many.

Other major events were organised by the ASF in order to raise awareness about the importance of financial literacy and financial resilience. During the inaugural day of GMW2021, the ASF and the TV producer EM360 involved key opinion leaders of Romanian economic landscape in a largely distributed social media debate related to the importance of financial education and building future financial resilience. A TV show series, touching upon the most relevant financial education themes, was developed in partnership with the Profit.ro broadcaster.

The ASF and ISF further partnered with the Romanian National Radio in an on-air financial educational programme and contest, reaching youngsters from both urban and rural areas through radio and social media. During the Academic Fin Hub organised by ASF, rectors from the top five Romanian universities met with the financial markets specialists from the Stock Exchange, the National Insurers Association and the Private Pensions Association in a debate related to the role held by early financial education in building a strong career. FinClub and ASF Student Club, two national online groups gathered youngsters interested in money matters for a meeting. Furthermore, the ASF also launched an online magazine dedicated to teachers during GMW month in March.

Given the COVID-19 situation, activities and events were organised by the National Bank of Romania exclusively online, in the form of presentations, games, educational videos, quizzes. The typical target groups were students from secondary and high schools, together with their teachers.

The Romanian Association of Banks held a financial quiz for youngsters at the ages of 13-15. Throughout this contest, organised annually by the ARB both under European Money Week and Global Money Week, over 1,630 students from over 125 schools entered the competition. This was two times more compared to the previous year. The contest implemented by the ARB via an educational partnership with the Romanian Banking Institute announced three winners.

Sago Finance and their partners organised online financial education activities during GMW2021. The high school students who followed an interactive video content were able to connect with financial experts during live discussions. Many video courses were distributed daily in partner schools and later made accessible online. Students took part in the “MyStudentBudget” project about making their own budget and learning how to apply financial education knowledge in preparing for life at a college in a different city. At the end, the project connected participants with students from those cities to validate their data. The project also involved parents.

In the APPE project, students played an online game called “Kids – a successful business.” Professors organised competitions, such as making a money box. The initiative aimed at showing how money is perceived, acquired, spent, saved, invested, donated for charitable purposes or borrowed in today’s society, simultaneously with concentrating on building basic management skills. The project integrated children from all over Romania and from the Republic of Moldova, all guided by 182 professors. At the end, youth participated in a game that focused on questions on financial education.

2019 Romania Global Money Week

LEADING ORGANISATIONS:

  • 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 ORGANISATIONS:

  • 14 Universities, 4 Media Organisations, 47 Colleges, 645 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 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 PEOPLE REACHED INDIRECTLY:

  • 132 167

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 organised 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 “Behavioural 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 organisations organised “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 organised 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 organised in high schools, and a launch of high school financial education textbook was organised. 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 organised 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 Programme, 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 organisation reached 5,000 children and adolescents with their workshops. These workshops were conducted in partnership with 360 other organisations 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 organised 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 organisation with the necessary space to organise these training sessions for the children living in Ilfov and Bucharest. The children and youth involved in the programme learnt about the importance of acquiring a healthy and responsible financial behaviour much needed for their present, but most importantly, future well-being. The children and youth learnt 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 organised 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 organised 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 organised 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 learnt 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 learnt 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 organised. 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 programme, either as a participant or as an organiser.

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, organised 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 organised for the children, which offered various books on financial education.

2018 Romania Global Money Week

LEADING ORGANISATIONS:

  • 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 ORGANISATIONS

  • 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, Ecolour, 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 organisations, 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 learnt 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 organised, where teachers could expand their financial knowledge. A second edition of EduFin Gala Awards was organised 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, organising 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 organised were a fair, poster competitions, making piggy banks, writing papers, and making films related to money. The Olympics for Junior Bankers were organised. 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 learnt important financial concepts to develop healthy financial behaviour. They learnt 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 organised 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, organised 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 learnt 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 learnt 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, organised multiple events for their students. Students in Kindergarten learnt about savings via a puppet theater. For primary students, a fair was organised, 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 learnt more about business etiquette.

2017 Romania Global Money Week

LEADING ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

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 programme 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 programme 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 programme 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 organised:

  • 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 programme 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 organise 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 organisations 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 organised 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 organising 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 organised 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 programme no. 9 Sighetu Marmaţiei and Step by Step Baia Mare have organised 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 ORGANISATIONS:

PARTICIPATING ORGANISATIONS:

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, organised 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 programme, 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 programme 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 programme, 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 organised 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 organised 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 learnt in this programme 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 programme of GMW included visiting the NBR’s network across Romania. In the case of NBR branches, the programme 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 programme 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 organisation 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 organisations 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 organiseda 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 organised. With the support of ARDOR organisation, 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’ organised 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 programme, 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 organised 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 organised 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 organising a capital market and stock exchange platform presentation for high-school students.

Transylvania College, the winner of the Global Money Week Award 2013, organised a financial and entrepreneurial education programme, the first of its kind in Romania. This year the activities will be organised 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 organised 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 organised 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’, organised 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 organised 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 ORGANISING 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

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