Global Money Week

2017 Hungary Global Money Week

Leading Organizations:
Ministry of Human Capacities
Ministry for National Economy
Hungarian Banking Association
Junior Achievement Hungary
Money Compass Foundation (founded by the Central Bank of Hungary)

Participating Organizations:
Government institutions
Ministry of Human Capacities
Ministry for National Economy
The Central Bank
NGO’s
Hungarian Banking Association
Junior Achievement Hungary
Money Compass Foundation hungary
Financial institutions
Budapest Stock Exchange Ltd
MKB Bank Ltd
OTP Bank Plc
ERSTE Bank Hungary Ltd
K&H Group
Raiffeisen Bank Ltd
UniCredit Bank Hungary Ltd.
Budapest Bank Group
GRÁNIT Bank Ltd
FHB Group
Magyar Cetelem Bank Ltd
BNP Paribas Personal Finance
MagNet Bank Ltd
CIB Group
Bank of Intesa Sanpaolo Group
Cofidis Bank Ltd
Fundamenta Ltd
Pioneer Investments
Corporate companies: 68
University: University of Miskolc
schools: Primary schools: 721, hig schools: 370
Number of children reached directly: 166 048

In 2017 Hungary celebrated its national money week for the first time within the framework and in coordination of the Global Money Week. The objective of Pénz7 is to encourage young people to handle their financial affairs more consciously, and to be more familiar with the way the economy and the financial world function. The programme is supported by ministries and financial market participants.

This year, the financial subjects of the programme were expanded by the topics connected to entrepreneurship. As a result, in addition to smart ‘banking’, which is the financial topic of the year 2017, entrepreneurs’ competence development and the experience-based introduction of entrepreneurship were also emphasized in the Week’s activities. Most of the activities of the programme included a series of lessons on the subject of finance in numerous primary and secondary schools in Hungary. The teaching materials were developed by teachers, with interactive methodological elements for three age groups (grades 5-6, 7-8 and 9-11). The lesson plans, video clips developed during the preparation phase and the preparation session offered further aid to teachers and volunteers. The highlighted content elements of this year were cash handling and the use of a bank account, as well as familiarising the age group with the available facilities.

The opening ceremony was held at the compelling building of the Ministry for National Economy on 6 March 2017. Apart from the speeches delivered by the organisers, a performance by young students was also part of the programme. At the same time of the opening event, lessons on finance and economy were given across the country improving students’ financial literacy.

Moreover, numerous side-events were held, including an online Stock Exchange game that introduced the students to the secrets of the stock exchange, in cooperation with the Budapest Stock Exchange. Organised by the PontVelem Kft, the finals of the BanVelem competition showed who will be awarded with the PénzOkos Cup in 2017. University of Miskolc also held an all-day professional programme as well as a conference.

More than 11 000 events were conducted throughout the Week in Hungary, reaching more than 166 000 children through primary and secondary schools all over the country.


2016 Hungary Global Money Week

Leading Organizations:
Budapest II. Kerületi II. Rákóczi Ferenc Gimnázium (II. Rakoczi Ferenc Secondary School
Date of the event:
14th - 20th of March
Total number of children & youth engaged: 1 000
Total indirect reach: 550

This year, II. Rakoczi Ferenc Secondary School in Budapest had a topic-based program for GMW. This included a number of topic-related lessons held by teachers exploring themes such as the history of money in different countries, budgeting and saving money, countries of the Eurozone, the financial crisis, financial policies of the EU, the theme of money in songs, the costs of living in various countries, strategic planning in entrepreneurship and more. The science department decided to have lessons about the importance of saving water, as World Water Day was also very close. Mathematics teachers held financial quizzes in eight different classes and an art competition was held in eight classes where students had to design future Hungarian Euro banknotes as well as an essay competition in four classes about the individual responsibility of people in combating climate change by saving energy and water. The Physics department organized its annual visit to Paks Nuclear Power Plant during GMW, so that students could learn more about nuclear energy, too.

Some parents were also involved in the GMW event. There were four financial education lectures held by volunteering parents, including: a broker, who shared his experiences of getting where he is today; a banker, who answered students’ questions about every-day money matters; an economist, who regularly visits high schools with his lecture on basic concepts of economics, finance and entrepreneurship; an environmentalist, who held an interactive lesson in English about environment protection.

The week was preceded by a traditional Students’ Day held on 05 March 2016, where a cake-baking competition was organized to prepare for GMW with the theme being ‘money’.


2015 Hungary Global Money Week

Participants:
National Bank of Hungary Money Compass Foundation (Pénziránytű Alapítvány) Ministry of Human Capacities of Hungary Hungarian Banking Association II. Rakoczi Ferenc Secondary School and other schools
Date of event:
9th - 13th of March

Hungary joined the Global and European Money Week this year under coordination of the Money Compass Foundation (Pénziránytű Alapítvány), which was founded by the National Bank of Hungary. Many primary and secondary schools in the country were provided with informative learning materials on topics of financial literacy. Ministry of Human Capacities of Hungary contributed towards the organizing of the week.

Foundation for Stock Brokers’ Training (Közép-európai Brókerképző Alapítvány) promoted information about Global Money Week to more than 170 schools in Hungary. Some schools also organized various events for their students during the week. For example, the II. Rakoczi Ferenc Secondary School organized a number of creative and exciting activities for their students. They conducted an Ethical Entrepreneurship class on raising funds and writing tenders for the development of school equipment and buildings. This was to support the school’s initiative to raise funds for their sports field. In the English class, a creative writing session was held around the topic of environment protection and savings, the theme for this year’s Global Money Week celebrations. Money and finances were the topics in the Spanish class preparing students not only for their language exams but also for everyday life situations. In another Ethical Entrepreneurship class, an entrepreneur gave a presentation on ‘Developing sustainable competitive advantages’.

 

2013 Hungary Global Money Week

Participants:
National Bank of Hungary
Date of event:
18th of March

The Hungarian National Bank joined the global celebrations with a special financial-economic program day. Secondary class students were invited into the Central Bank where children and youth had the opportunity to participate on a learning through activity course – drama in education – and also could listen to presentations like the safety marks of the Hungarian bank notes, and about the ”invisible” money.

Children had the chance to visit the Visitor center at the Hungarian National Bank which is the home of interactive exhibits about Hungarian notes and coins, the background of the central bank and the history of money.

Other students were able to follow the event through webcast on the Pénzbook – facebook site and on the microsite: www.penziranytu.hu.

Click an image for full size