Global Money Week

2017 Armenia Global Money Week

Leading Organizations:
Central Bank of Armenia

Participating Organizations:
Children of Armenia Foundation
Junior Achievement Armenia
American University in Armenia
Armenian State University of Economics
French University in Armenia
“Central Bank of Armenia Visitor Centre”
Tumo Center for Creative Technologies
Yerevan State University
"Centre of culture" children and youth creative civil center
Mkhitar Sebastatsi” Educational Complex
National Center Of Aesthetics
“Sevada” Art Studio
Knowledge for development” Center in Dilijan
More than 19 secondary and high schools
The members of National Strategy of Financial Education (20: Ministry of Education, Ministry of Finance, Deposit Guarantee Fund of Armenia, Financial System mediator, etc.)
Financial Institutions (20: NASDAQ OMX Armenia, Armbusinessbank Ingo Armenia Insurance, Global Credit Universal credit organization, etc.)
Media (11: Armenian 1 public TV channel, www.lragir.am, www.banks.am, www.armenpress.am, www.armef.am, www.iravunk.com etc. )

Number of children reached directly: 4 500
Number of children reached Indirectly: 9 000

Throughout Global Money Week 2017 and My Finance Month 2017, the Central Bank of Armenia, along with its partners, targeted children and youth through workshops, debates and seminars related to personal finance management. The topics were “From Yerevan to Wall Street”, “Financial Stability: a reality or a myth?”, “The art of Savings”, “Learn. Save. Earn”, and others.

During the GMW 2017, financial intellect games were offered to children, youth and adults, such as Financial Football, Brain Ring for youth, Savings Game, “Activity” Card Game, Individual Intellectual Tournament and more.

This year, the Central Bank of Albania also held five competitions: a photo competition: “The only free cheese is in the mousetrap”, an art competition: “Where does money come from?”, infographics competitions and a recycling competition. The winners of the contests were granted different awards including stationaries, financial books and more. The best oeuvres gathered through the “Saving Jar” challenge were presented during the exhibition at the Dilijan “Knowledge for Development” Center.

In the scope of GMW 2017, students from numerous schools joined the excursion at the “Visitor’s Centre” of the Central Bank of Albania, receiving information about the history of the Armenian Dram as well as on the role and policies of the Central Bank of Albania. Throughout the Week, young people were able to participate in a bus tour to 13 financial companies and institutions including the Central Bank of Albiana, Financial System Mediator, Stock Market, commercial banks, insurance companies, credit organizations and more.

Furthermore, GMW 2017 activities organized by Children of Armenia Foundation (COAF) to encourage financial participation reached 1500 students. Alongside guest speakers from schools, universities, banks and corporations, COAF organized workshops and sessions at rural schools for middle and high school students. Throughout the Week, financial games for all the school students, movie screenings about saving and expenses, film discussions on resource management and recycling, theatrical performances about financial issues, social issues raised from lack of financial literacy, money exhibitions and social-financial projects were organized locally in the villages by students from 13 schools with the aim of engaging the communities as a whole and to raise their financial awareness.

Junior Achievement of Armenia also continued its active support of the Week by organizing a student visit to the HSBC bank. JAA and the HSBC Bank organized a career day for 30 students at the Yerevan headquarters, where the aim of the educational tour was to show participants how the institution works.


2016 Armenia Global Money Week

Leading Organizations:
Central Bank of Armenia
Participating Organizations:
AIESEC Armenia “Mkhitar Sebastatsi” Educational Complex Junior Achievement Armenia Anania Shirakatsi (Educational Complex), Mkhitar Sebastatsi (Educational Complex), Eurasia (Educational Center), 109 high school (Yerevan), 195 high school (Yerevan), 3 high school (Gyumri), Gyumri Foton College, 5 high school (Vanadzor), 11 high school (Vanadzor), Dilijan State College, Armenian State University of Economics, Eurasia University, Aeon library/club, “PASS” LLC, Central Bank of Armenia Visitor Centre, The members of National Strategy of Financial Education, Aflatoun, COAF (Aflatoun partner)
Date of the event:
14th - 21th of March
Total number of children & youth engaged: 3 705
Total indirect reach: 5 000

This is the second year that the Central Bank of Armenia lead different financial programs during GMW. In 2016 in Armenia, GMW started in March and was continued through “My Finance Month 2016” project in April.

FLY (Financial Literacy for Youth) project was conducted in four Armenian cities (Yerevan, Gyumri, Vanadzor, Dilijan). The project was organized by AIESEC Armenia in cooperation with the Central Bank of Armenia. Six young economists from Hong Kong, Brazil, USA, Turkey, Serbia and Canada are in Armenia with the mission to motivate and give basic financial knowledge on personal financial management to youth who do not have access to economic or financial education. One of the key points of the project is to create a cross-cultural platform for Armenian youth to develop their managerial and financial knowledge/skills. The participants developed their hard and soft skills in finances, leadership, management and the like. More than 30 seminars were held during the project with more than 450 participants (mainly students).

Young students of the Children of Armenia Fund and Military Aviation Institute after Marshal Khamperyants visited the “Visitor’s Center” of the Central Bank. They were informed about the history of Armenian Dram, the operations and role of the Central Bank, monetary policy, etc. The employees of the “Consumer rights protection and financial education” center of the Central Bank of Armenia organized two workshops for the youth: “Professional orientation” for the Children of Armenia Fund and “Personal finances: how to manage them in a better way?” for the Military Aviation Institutes students.

During GMW 2016, the Central Bank of Armenia announced five competitions: the Photo Story competition with the topic “Debt management”, the Art Competition for children between 5 and 12 years old with the topic “The life on my financial planet”, the Storytelling competition for the schoolchildren between 12 and 16 years old, the Financial Brochures competition with two topics: “My tomorrow starts today”, “Balance in everything” and the GMW Selfie competition. The competitions were promoted through the financial education website (www.abcfinance.am) as well as through social media (Facebook, Twitter). Thus far, there are approximately 400 participants though the final results will be recapitulated at the end of April during the “My Finance Month” closing ceremony.

An interactive workshop on “Personal Finances: why, what do I have to do with this?” was conducted by the Financial Education Specialist of the Central Bank of Armenia in the Mkhitar Sebastatsi Educational Complex. Before the workshop, the students danced traditional Armenian dances to integrate Armenian national spirit into GMW. After the workshop, the students organized a bike tour to demonstrate the importance of nature and its impact on improving the efficiency of saving processes. The program had 70 participants involved.

Furthermore, on 15 March, Junior Achievement of Armenia, within the framework of the “Entrepreneurship and Civic Education for Young People of Armenia” program, awarded small grants to eleven student business companies to implement social projects in their communities. To augment their social enterprise budgets, JAA held competitions wherein the social enterprises submitted a proposal to receive a grant for their community projects. One hundred student social enterprises presented a proposal requesting $300 to add on to their program budgets. A committee selected 11 student companies, one from each region of Armenia. Each student social enterprise received $300 grant to implement their social project, and they were awarded at the Award Ceremony in Yerevan.

“Of course it’s easier to postpone things until tomorrow: I will do my lessons tomorrow, I will visit my grandparents tomorrow, I'll clean my room tomorrow… I will save tomorrow. But in this case, you can’t establish new goals and build a new action plan for tomorrow! Tomorrow is not around the corner. Successful people look forward and they don’t correct the mistakes of the past all the time! We suggest that you start the job that you need to do today - NOW. By saving, you can reach your personal goals faster. It will be your motivation for defining new goals and building your successful way. You can pay your University tuition on your own; you can help your parents; you can discover the wonderful world, etc. It is not a dream; it can be real if you gain from every moment. Think about it and act right now! Take part. Save smart!” Sona Lalayan, Coordinator of the financial educational projects in Armenia, Central Bank of Armenia

2015 Armenia Global Money Week

Participants:
Central Bank of Republic of Armenia "Mkhitar Sebastatsi" Educational Complex Junior Achievement Armenia Children of Armenia Fund (COAF)
Date of the event:
9th - 17th of March
Number of children reached:
450

The Central Bank of the Republic of Armenia participated for the first time in Global Money Week by conducting a series of events at the "Mkhitar Sebastatsi" Educational Complex, AYB School, College of Technology and Yeghvard School in Yerevan. Activities included seminars and debates about Armenian economy and trainings on the management of personal finance, role of financial markets, IT and tourism in economy, types of commercial organizations and other topics. Central Bank of Armenia also organized an essay competition ‘How would I manage my first million?’, and competition on preparing social and commercial advertisement on finance-related themes by children. Elina Hakobyan, Mariam Mansuryan and Karine Hovhannisyan won an essay competition ‘How would I manage my first million?’ with incredible stories that also showed their economic literacy. School children in the age group of 11-16 years old also visited the Visitor Center of the Central Bank of Armenia where they attended interactive seminars on the History of Armenian Dram, Monetary Policy, Inflation and Financial Markets of Armenia.

Civil society organizations in Armenia also actively participated in this year’s Global Money Week. Junior Achievement Armenia held a Student Trade Fair on 9 March in Gymri, the second biggest city of Armenia. During the fair, 12 student companies presented their products to potential consumers. The products included hand-made jewelry, scarfs, dried fruit, candles, purses and gift bags. The Student Trade Fair is an educational activity which allows the students to showcase their economic and financial knowledge and to demonstrate the entrepreneurial skills which they acquired during their studies.

Children of Armenia Fund also participated in Global Money Week by organizing visits to the Visitor Center of the Central Bank of Armenia for Aflatoun students from Getashen and Dalarik schools. They visited the exhibition displays on the history of the national currency, laboratory for checking notes and coins, and participated in a special audio-session about the structure and functions of the Central Bank. Other events organized by Children of Armenia Fund included an interactive performance about important economic and financial concepts by students of Getashen village for their school mates and teachers. On 13 March, a special informative flash-mob was conducted during the break at Dalarik School with an aim to raise awareness about this year’s theme - savings. More than 60 students and teachers joined the flash-mob.

 

2014 Armenia Money Week

Participants:
Junior Achievement Armenia Aflatoun
Date of the event:
17th of March
Number of children reached:
TBC

Students who are a part of the Junior Achievement’s (JA) group in Armenia participated in Aflatoun’s Global Skype calls on March 17 where they connected with students from Colegio Santa Eulalia in Portugal. Aflatoun Day was celebrated globally on the last day of Global Money Week. The Armenian and Portuguese students loved chatting to each other about their respective entrepreneurial activities. The Armenian students showed off their self-made creative mobile phone accessories and shared that they raised approximately 300 euros by selling them. They explained that the money will be used for school excursions. The Portuguese students talked about their school garden which they harvest for fresh vegetables which they sell to the community (parents, teachers and other children).

JA Armenia also conducted enterprise activities in various schools through Global Money Week. The youngsters in the JA program used social and financial enterprises to raise funds for peers with specific needs or for their school.

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