2022 Palestinian Authority Global Money Week

GMW NATIONAL COORDINATOR:

• Palestine Monetary Authority (PMA)

PARTICIPATING ORGANISATIONS:

• Palestinian Ministry of Education, Association of Banks in Palestine, UNRWA, schools

TOTAL NUMBER OF PARTICIPATING ORGANISATIONS:

• 5

NUMBER OF CHILDREN AND YOUNG PEOPLE REACHED DIRECTLY:

• 660

NUMBER OF ADULTS REACHED DIRECTLY:

• 660

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 660

Throughout Global Money Week 2022, the Palestine Monetary Authority (PMA) along with partners reached 660,000 children and youth through several digital activities such as the virtual bank mobile application, web platform, and social media.

During the campaign, financial literacy awareness sessions were offered to children, youth and adults, mostly through digital means. This included some videos on YouTube, and the use of social media influencers to spread the messages.

The application users had the opportunity to participate in a competition to win $100 in their saving account, where the 13 banks offered 65 saving account.

2019 Palestinian Authority Global Money Week

LEADING ORGANISATIONS:

• Palestine Monetary Authority

PARTICIPATING ORGANISATIONS:

• 1,754 Schools, 15 Media Organisations, ACAD Finance, Al Ebdaa, Arab Bank, Arab Islamic Bank, Asala for Credit and Development, Association of Banks, Bank of Jordan, Bank of Palestine, Cairo Amman Bank, Egyptian Arab Land Bank, Faten, Housing Bank, Jordan Ahli Bank, Jordan Commercial Bank, Ministry of Education, Palestine Banking Corporation, Palestine Deposit Insurance Corporation, Palestine Investment Banks, Palestine Islamic Bank, Palestinian Development Fund, Quds Bank, Reef, Safa Bank, The National Bank, The Palestinian Network for Small and Micro Finance, United Nations Relief and Works Agency (UNRWA), Vitas

NUMBER OF CHILDREN REACHED DIRECTLY:

• 78 014

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 150 000

Palestine Monetary Authority
Once again, the Palestine Monetary Authority (PMA), together with its partners, reached many children during Global Money Week 2019, by visiting schools, organising lectures on financial terms and banking services, and showing 6 banking and financial awareness movies throughout the Week. GMW was launched with a press conference, which was attended by all stakeholders. During the Week, over 134,000 copies of a brochure, with financial information created by the PMA, was distributed to school students through bank branches. Furthermore, questionnaires were distributed before and after the Week, in order the measure the knowledge enhanced amongst the school students. Each of the 400 banks and MFI branches allocated one working hour per day throughout the Week to receive children, youth and parents to educate them about different banking operations and services. The last day of the celebrations were dedicated to the “National Saving Day”, where all banks encouraged the students to start saving that day and continue to do so after the Week ended. Special campaigns and products were launched and distributed to promote saving. Additionally, virtual banking branches were established, which focused on teaching the public on banking, MFI’s and Fintech services. All branches were equipped with material needed to demonstrate what these services entailed. For example, an ATM section was equipped with a simple ATM machine, so that students were taught how to use these different services. The Ministry of Education scheduled visits for students to the branches. The visitors visited each section, to learn about all the different services, after which they watched educational films about saving, budgeting, banking services, and financial inclusion. All visitors were able to enter into a competition to win $100 to put into their saving account. Finally, all the PMA, the Ministry of Education, the Association of Banks, and the Palestinian Network for Small and Micro Finance and Deposit Insurance Corporation organised visits to their respective institutions for school children, to clarify the role, targets, and services offered by each institution.

2018 Palestinian Authority Global Money Week

LEADING ORGANISATIONS:

• Palestine Monetary Authority (PMA)

PARTICIPATING ORGANISATIONS:

• ACAD Fiannce, Al Ebdaa, Arab Bank, Arab Islamic Bank, Asala for Credit and Development, Association of Banks, Bank of Jordan, Bank Of Palestine, Cairo Amman Bank, Egyptian Arab Land Bank, Faten, Housing Bank, Jordan Ahli Bank, Jordan Commercial Bank, Jordan Kuwait Bank, Ministry of Education, National Bank, Palestine Banking Corporation, Palestine Deposit Insurance Corporation, Palestine Investment Banks, Palestine Islamic Bank, Palestinian Network for Small and Micro Finance, Quds Bank, Reef, Safa Bank, United Nations Relief and Works Agency (UNRWA), VITAS

NUMBER OF CHILDREN REACHED DIRECTLY:

• 103 870

NUMBER OF PEOPLE REACHED INDIRECTLY:

• 167 500

Palestine Monetary Authority (PMA)
A team consisting of around 800 employees from the PMA, Banks and MFI’s visited 1,425 schools across Palestine and delivered lectures on financial terms and banking services and screened financial awareness movies on banking throughout the Week. A kick-off event for Global Money Week was held, followed by a press conference in the Convention Palace in Bethlehem. The event was attended by stakeholders from the PMA, Ministry of Education, Association of Banks, Palestinian Network for Small and Micro Finance, Palestine Deposit Insurance Corporation, UNRWA, banks and MFIs. During the Week, 143,000 copies of a unified brochure, which include basic banking and financial information, were distributed to school students through bank and MFI branches. Additionally, pre- and post-event questionnaires were distributed to a sample of 2,000 students, in order to measure and assess the knowledge enhancement and enrichment amongst the school students. 400 banks and MFI branches were decorated to attract the attention of children and youth using posters, flags, and roll ups. The staff members were allocated an hour each day throughout the Week to receive children, youth, and parents and educate them on different banking operations and services. Virtual bank branches were created in the Convention Palace in Bethlehem and in the Lite House in Gaza. Each bank branch in Palestine (15 in total) represented a banking or MFI service. The virtual branches were equipped with materials to demonstrate the services offered. For example, an ATM was installed to enable children to try using debit cards. The virtual bank branches worked as follows:

• In addition to receiving the public, the Ministry of Education scheduled visits to 2,000 West Bank and Gaza.
• Visitors received clear, simple and short descriptions about the services. In the cinema section, visitors watched short films about saving, budgeting and banking services.
• Visitors had the opportunity to participate in a competition to win $100 in their savings account.

In addition, representatives from the PMA, the Association of Banks and Deposit Insurance Corporation explained the role, targets and services of each institution to the visitors at dedicated information desks.

2017 Palestinian Authority Global Money Week

LEADING ORGANISATION:

• Palestine Monetary Authority (PMA)

PARTICIPATING ORGANISATIONS:

• Association of Banks
• alestine Deposit Insurance Corporation
• Ministry of Education
• all Banks and the United Nations Relief and Works Agency (UNRWA)

NUMBER OF CHILDREN REACHED DIRECTLY:

• 75 024

NUMBER OF CHILDREN REACHED INDIRECTLY:

• 20 000

A team consisting of around 594 employees from the Palestine Monetary Authority and banks visited 1,235 schools throughout Palestine. During the Global Money Week, a series of lectures about financial terms, banking services, including a screening of three movies on banking and financial awareness were organised.

A kick-off ceremonial event of the Week followed by a press conference at the Hall in Ramallah was attended by stakeholders from the Palestine Monetary Authority, the Ministry of Education, the Association of Banks, the Palestine Deposit Insurance Corporation, banks and the United Nations Relief and Works Agency for Palestine Refugees in the Near East.

During the week 100,000 copies of a unified brochure on basic banking and financial information were distributed at schools and bank branches. In addition, pre- and post-questionnaires were distributed among 2,000 students to measure and assess their knowledge enhancement and enrichment.

In addition to one working hour per day allocated to receive children, youth, and parents and educating them about different banking operations and services, 295 bank branches used posters, flags, and roll ups to attract the attention of children and youth throughout the Week.

For the first time the National Saving Day was celebrated on 16 March. On the day, all banks encouraged young people to start saving. Furthermore, banks launched special products or campaigns, e.g., instant cash back as a percentage from the saving amount.

Virtual bank branches were established in a big fair hall, featuring 15 main banking services providers in Palestine. Real ATMs were installed, where children could test how to use a debit card. The virtual bank branches worked as follows:

The branches worked for two days and approximately 7 hours a day.

Apart from receiving general visitors at the branches, the Ministry of Education also organised visits for school students from all cities (600 students from the West Bank).

Visitors received clear, simple and short descriptions about offered services. In the cinema section, they watched short films about saving, budgeting and E-Banking services.

Visitors participated in a competition to win 100$ on their savings account in one of the 45 banks in Ramallah.

Student visitors received paper notebooks.

In addition, representatives from the Palestine Monetary Authority, the Association of Banks and Deposit Insurance Corporation explained to visitors the role, targets and services of each institution at special information desks.

2016 Palestinian Authority Global Money Week

PARTICIPATING ORGANISATIONS:

• Palestine Monetary Authority (PMA)
• Ministry of Education and Higher Education of Palestine
• Association of Banks in Palestine
• UNRWA

DATE OF THE EVENT:

• 14th - 20th March

During GMW, a team was formed, consisting of around 600 employees from PMA and private banks whom visited nearly 1500 schools all around Palestine, giving lectures which focused on financial terms and banking services, and showing three banking and financial awareness movies throughout the Child and Youth Banking Week.

The kick-off ceremonial event for the Child and Youth Banking Week was held in one of the schools in the suburbs of Jerusalem with the participation of the Ministry of Education, the Association of Banks, private banks and UNRWA.

During the Week, 100,000 copies of a unified brochure, which included basic banking and financial information, were distributed to bank branches and schools, in addition to pre- and post-questionnaires that were distributed to a sample of 2,000 students, in order to measure and assess knowledge enhancement and enrichment on finance amongst school students.

Also, 274 bank branches were decorated with posters, banners and flags to attract the attention of children and youth throughout the Week. In addition, bank employees met children, youth, and parents during the Week to educate them about different banking operations and services.

2015 Palestinian Authority Global Money Week

PARTICIPANTS:

• Palestine Monetary Authority (PMA)
• Ministry of Education
• Association of Banks
• United Nations Relief and Work Agency (UNRWA)
• Commercial Banks
• Palestine Bank
• Housing Bank

DATE OF THE EVENT:

• 15th - 19th of March

NUMBER OF CHILDREN REACHED:

• 80 000

Global Money Week was celebrated in Palestine under the “The Banking Week for Children and Youth” from 15 to 19 March. The kickoff ceremony event at the Spanish School in Ramallah City enjoyed the participation of all stakeholders – Palestine Monetary Authority, Ministry of Education, Association of Banks, Banks and Unrwa.

Around 1,000 employees from Palestine Monetary Authority and the banks formed a team and visited 1,241 schools in and around Palestine. They gave lectures on financial terms and banking services throughout the week. 140,000 copies of a unified brochure that includes basic banking and financial information were distributed to bank branches and schools. In addition, a survey was conducted among 2000 students, to measure, assess knowledge, and enrichment before and after the sessions.

A Facebook contest was created for children to like and share their most favorite information from the brochure which was transformed into a Facebook album named “Read and Learn”. The contest targeted children and youth between the ages of 12 and 17. This was done to encourage children to read and learn new financial information and to increase awareness among them. 15 photos from the albums were chosen and the 15 winners were rewarded from with savings accounts of USD 100 by the banks.

During the celebrations, 260 banks branches were decorated with flags, roll ups, posters, and balloons. One working hour per day was allocated to welcoming children, youth, and parents, and educating them about different banking operations and services.

2014 Palestinian Authority Global Money Week

PARTICIPANTS:

• Palestine Monetary Authority (PMA)
• Ministry of Education
• Ministry of Finance
• Ministry of Culture
• Association of Banks
• UNRWA schools
• Mother’s School Society

BANKS INVOLVED:

• All banks operating in Palestine

DATE OF THE EVENT:

• 16th – 20th of March

NUMBER OF CHILDREN REACHED:

• 156 200

Many fun and exciting activities were planned across Palestine for Global Money Week 2014. Activities and events and participating organisations include:

Palestine celebrated Global Money Week in the form Child and Youth Banking Week 2014 (16-20 March 2014). The national celebration included a fun and entertaining ceremonial event where a wide variety of drama, folk dance and the financial activities were organised by the Ministry of Education, Ministry of Finance, Ministry of Culture, Association of Banks, Banks, and UNRWA schools. The interactive performance called "Insuring Dreams" taught the youth and children about the importance of savings and planning their expenses in a lively way. Palestine really took the ‘inclusion’ theme of GMW to heart by ensuring that no one was left out of the educational activities – especially not the children and youth with special needs. All participants were awarded by PMA and the national banks with their own savings account with a generous start up investment of 200 USD.

The PMA designed and launched a financial awareness game on the social network Facebook which helps children and youth get acquainted with financial terminology. The PMA also created and distributed 160 000 Global Money Week piggybanks and brochures that explained basic banking and financial information. 214 bank branches were decorated with balloons, posters, flags and colourful, informative banners.

The PMA conducted activities to enrich children’s financial literacy. A few of these activities were:

1. Pre- and post-questionnaires were filled in by a sample of 2,500 students, in order to measure and assess the financial knowledge of Palestine’s children and youth.
2. 57,600 children, youth, and parents were received at 241 bank branches in order to educate them about the various banking operations and services.
3. 1,644 schools were visited by PMA and bank employees to conduct financial and banking terminology lessons.
4. Distributing around 160,000 brochures and cartoon piggybanks during the kick off ceremony, schools and banks visits.

The Mothers' School Society put great efforts into bringing financial education a variety of different locations in the West Bank, including refugee camps. They help financial literacy lessons, organised workshops and held a drawing competition based on the lessons learnt.

Learn more: here.

2013 Palestinian Authority Global Money Week

NAME OF THE ORGANISING ENTITY:

• Palestine Monetary Authority

PARTNERS:

• Ministry of Education; United Nations Relief Works Agency; Association of Banks in Palestine

DATE OF THE EVENT:

• 16th – 21st of March

NUMBER OF CHILDREN REACHED:

• 95 000

“Most of the students who visited the bank had heard about it but had never entered it before; they were very interested to compare with what they've heard and learnt with the reality,” shared the organisers, Palestine joined the celebrations of Global Money Week with a ceremonial event. During the week, a drawing competition was held for 8th-grade students in order to choose a logo for Palestine’s Global Money Week. Participants in the logo-drawing competition were honored – each one of the 18 participants received a saving account, worth 300USD. The top winner was presented with a laptop and her logo was adopted as the Child &Youth Banking Week logo.

During the event two working hours per day were allocated to receive children, youth and parents at 235 banks' branches and educate them about different banking operations.

A team of 1,175 employees from PMA and Banks, visited 1,681 schools all around Palestine and lectured about financial terms and banking services.

During the week, 235 banks’ branches were decorated in a way that attracted the attention of children and youth.

“The future is mine.” a child commented.