Global Money Week

2017 Solomon Island Global Money Week

Leading Organizations:
Central Bank of Solomon Islands
Soltuna Company
National Fisheries Development (NFD)

Participating Organizations:
Bank South Pacific (BSP)
Pan Oceanic Bank (POB)
Island Enterprise
South Pacific Oil
Royal Solomon Islands Police Force (RSIPF)
Western Provincial Government
SI Ports Authority Noro
Dunde Primary & Secondary School
Kokeqolo Primary & Secondary School
Noro Primary & Secondary School
Goldie College
Noro Town Authority

Number of children reached directly: 1 600
Number of children reached Indirectly: 2 500

The Central Bank of Solomon Islands (CBSI), in collaboration with the credit union arm of the National Fisheries Development (NFD), and the Soltuna Company successfully hosted Global Money Week 2017 in the small township of Noro, in the Western Province.

During the first rural outing under the GMW banner, CBSI, along with its key partners and stakeholders, was able to reach out to more than 2,500 rural school-children in Noro, including Munda and Goldie with key messages focused on teaching and educating school-aged children about money, and the promotion of savings habits.

The overall financial literacy objective throughout the GMW2017 for CBSI and partners focused mainly on early financial education. Children and youth targeted in the Western part of the Solomon Islands were taught basic financial literacy in order to help develop proper money habits that will allow them to become informed economic citizens of the country.

The message emphasized by this concept acknowledges the need for younger generations in the Solomon Islands to be equipped with the knowledge and the ability to better manage the nation's’ financial resources and future economic growth. This years’ GMW collaboration with NFD and Soltuna was geared towards this overall objective, in addition to promoting their credit union set up and products, an additional alternative was provided for savings to be practiced by these children in their rural areas and provincial centers at any early age.

Throughout the week, three major schools in Noro, Munda and Goldie were visited by the CBSI team and NFD/Soltuna Officials. The touring team was able to hold 1-2 hour sessions for each school, and tailored their presentations to suit each age group, from the youngest (at 6 years -kindergarten level), right up to the main bracket of 10 – 15 yrs, as well as the bracket of 15-18 years (students of Goldie College). The first few days involved a lot of travelling and island hoping to reach some of these schools. The response from both the children and school administrators was very positive.

On Thursday, 30th March, 2017, CBSI, NFD and Soltuna hosted an open-day event at the Noro Community School hall to culminate all the activities carried out throughout the week. The day started off with a parade by the hosts and school children, and the CBSI Governor Mr. Denton Rarawa flew in from Honiara to open the event. The Governor also provided the keynote address for participants during the official segment of the GMW2017 program.

Other activities, apart from the financial literacy awareness, included a speech competition for the school children, and a quiz competition for both junior (primary level) and senior students. School teachers and their students had topics that were related to the GMW theme and presented them in front of a packed hall. The quiz competition was one of the main highlights, as the children supported their respective school representatives as they battled with other schools over questions related to spending, savings and general financial knowledge to find the winner. All teams and participants received informational resources and merchandise.

The CBSI team also provided schools with presentations related to the work of Central Bank covering topics on proper money handling skills, counterfeit, scams, economics and commercial banks. Reading materials in the form of educational brochures, posters and pamphlets were also distributed freely to school administrators for use. Older youths and adults who attended the GMW2017 open-day event were also able to obtain these resources. Finally, children were given the opportunity to practice basic savings skills by obtaining and using piggy banks provided by CBSI and NFD. It was reported that after the open-day program more than 100 children were able to open new children’s savings accounts on that same day, with the NDF and Soltuna Credit Unions.


2016 Solomon Islands Money Week

Participating Organizations:
Central Bank of Solomon Islands
Date of events:
16th - 18th of March
Number of children reached:
TBC

Global Money Week will be celebrated for the first time in the Solomon Islands through the initiative of the Central Bank of Solomon Islands. Starting small this year, the Central Bank of Solomon Islands aims to highlight the importance for young people in the Solomon Islands to develop their interest to learn more about financial literacy, improve their attitude towards finances and encourage them to save.

With this as the objective, the Central Bank of Solomon Islands will launch multiple visits to various schools by officials from the Central Bank to inspire young people by showcasing the improtance of saving and what having a positive attitude towards starting young and being smart with their finances could contribute to a better future for themselves. The interactive sessions will be organized to include both class sessions and inter-class interaction with the participating schools.

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