Global Money Week

2017 Malta Global Money Week

Leading Organizations:
Directorate for Quality & Standards in Education

Participating Organizations:
Department of Curriculum Management – Home Economics Seminar Centre (HESC)
Malta Bankers’ Association
Institute of Financial Services – Malta
Central Bank of Malta
Malta Stock Exchange
Malta Financial Service Authority

Number of children reached directly: 450

The Department of Curriculum Management in Malta, through collaboration with the Home Economics Seminar Centre, the Malta Bankers’ Association, the Malta Financial Services Authority, the Central Bank of Malta, the Malta Stock Exchange and the Institute of Financial Services, organized a number of activities throughout Global Money Week.

The official GMW 2017 launch in Malta took place on Monday 27 March 2017. During the launch, presided by the Honorary Evarist Bartolo, Minister of Education and Employment, a feature outlining the activities that would take place throughout the Global Money Week was presented. Prior to this week, middle schools in Malta and Gozo were invited to take part in a financial literacy challenge with the theme ‘Learn. Save. Earn’.

Throughout this week, pupils participated in a program entitled ‘Money Matters’ at the Home Economics Seminar Centre. This program aimed to develop the financial capabilities of the pupils by enabling them to make informed decisions when handling financial resources. The program also included aspects of money security features.

Students also had the opportunity to visit the Central Bank of Malta as well as the Malta Financial Services Authority. Another program, ‘Be Wise Pay Smart,’ was organized for older students who participated in a hands-on experience, coupled with an interactive educational session carried out in a bank. Students were encouraged to use ATM and EPOS terminals responsibly. Discussions were facilitated by support teachers from the Home Economics Seminar Centre along with bank officials to promote smart payment habits. A week prior to the Global Money Week, home economics teachers were invited to attend a teacher training seminar on innovations in financial literacy.


2016 Malta Global Money Week

Leading Organizations:
Directorate for Quality and Standards in Education

Participating Organizations:
Department of Curriculum Management - Home Economics Seminar Centre (HESC)

Date of the event:
14th - 18th of March

Total number of children & youth engaged: 350
Total indirect reach: 20

The goal of the 2016 edition of Global Money Week in Malta was to teach children and youth about money, savings, creating livelihoods, gaining employment and becoming entrepreneurs through fun and interactive activities. Hence, through the program facilitated by HESC, the learners gained knowledge, skills and competences about the concept of personal finance. Various activities helped the learners to interact, reflect, think critically and express their opinions in order to be able to make responsible financial choices.

The financial literacy program ‘Take Part, Save Smart’ targeted Year 7 students (10-11 year olds). The duration of the program was 1hr 30 minutes, and the program included the following activities: answer the ball, needs and wants, budgeting, understanding financial related terms, ‘Financial Literacy’ board game and a ‘Wanna be a Minnionaire’ quiz.

Circulars were issued to all schools and sectors within the Maltese Educational System to brief them about GMW and the activities on offer.

2015 Malta Money Week

"Save knowledge! Save knowingly!"

Participants:
Department of Curriculum Management - Ministry of Education and Employment
Malta Bankers’ Association
The Central Bank of Malta
The Institute of FInancial Services
Malta Financial Service Authority
Date of the event:
9th – 13th of March
Number of children reached:
400

A seminar titled ‘Financial Literacy: Let’s get Focused’ which was organised by the MBA and held at Le Meridien Hotel, St. Julian’s, targeted the teaching profession as well as personnel from local banks. The Secretary General of the MBA welcomed the participants. The seminar was opened by the Permanent Secretary in the Ministry for Education and Employment, and was also addressed by the Director of the Department of Curriculum Management within the Directorate for Quality and Standards in Education, as well as Education Officers within the Department.

Presentations were also given by two foreign speakers: a Training and Volunteer Engagement Manager from the Chartered Banker Institute of Scotland, and a senior representative from Child & Youth Finance International. The Seminar was concluded with a discussion panel which was moderated by the Vice-President of the Institute of Financial Services, Malta, and included the participation of the Director of the Consumer Complaints Unit of the MFSA, the Director of Caritas Malta and a leading Financial Consultant.

A main highlight throughout the week has been ‘Money Matters,’ a financial literacy educational program offered at the Home Economics Seminar Centre which adopts an active learning framework and methodology which focuses on learning by doing. This program exposes ten to eleven-year-old pupils to a process of hands-on experiences leading to debate, reflection, analysis and evaluation while equipping them with the appropriate skills, competences and attitudes to make justified informed financial decisions. This program was offered to around 400 pupils during money week and will be extended to all schools in the future. A life-sized mascot named ‘Flusinu’ was created by 10-yearold Marija Camilleri from ejtun Primary School and a song writer was chosen to write the lyrics of an educational song accompanying the mascot.

A script which delved into the role and functions of money in today’s society was written for a live sketch. An original educational board game ‘Money Moves’ was developed in order to provide opportunities for evidence weighing, goal-setting and solution-seeking in relation to the pre-determined financial thematic categories addressed in the program. These include history of money, budgeting, needs and wants and bank services.

 

2014 Malta Money Week

Participants:
Ministry for Education and Employment
Central Bank of Malta
HSBC
Drama Unit
Home Economics Seminar Centre
Date of the event:
10th - 14th of March
Number of children reached:
500

Several activities took place in Malta during the Global Money Week 2014. On Wednesday 12th March and Friday 14th March a financial education seminar targeting Year 6 pupils was conducted with the title ‘Money Matters’. The seminar was organized by the Home Economics Seminar Centre [HESC]. This seminar empowered 10 -11 year old pupils with knowledge and understanding, skills and attitudes to:

  • become financially literate and responsible from an early age;
  • make informed decisions when handling financial resources;
  • be a positive influence within their immediate family and amongst their peers.

This seminar targeted Year 6 pupils because the HESC hypothesize that at this early age pupils are more likely to start having greater access to financial resources such as pocket money and gifts while at the same time becoming more vulnerable to conflicting media messages. Through the use of ICT as an interactive educational medium, the program included debates, drama, quizzes, case studies, handling of simulated money and the use of mock bank facilities available at the HESC premises. This seminar exposed the pupils to a process of hands-on experiences leading to reflection, analysis and evaluation while equipping them with the appropriate skills and attitudes to make informed financial decisions.

The Central Bank of Malta conducted presentations in 5 different schools during GMW. These focused on the role of the Central Bank of Malta in providing money and maintaining the price stability. Moreover, in each of these schools a currency exhibition was organized. Children from grades 3 to 6 received lessons on financial literacy.

HSBC Malta visited 45 schools during the Global Money Week.

6 drama sessions were conducted with an average of 100 students as part of a project titled How do Banks Work? The objectives of these Drama Sessions were to:

  • help students to better understand how banks work;
  • make students aware of the services banks provide;
  • help students feel safe putting money into and invest in banks (when they are older);
  • introduce students to terminology used in banks;
  • help students understand better banks’ rules;
  • interest students in a career in finance.

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