Mongolia

10 Years of GMW | Global Money Week Annual Report 2022 Mongolia

GMW national coordinator: Central Bank of Mongolia, Financial regulation commission, Deposit insurance corporation, Mongolian Banking Association Participating organisations: Promotion Centers of Metropolitan Small and Medium Production and Service, Lifelong Centre under the Ministry of Education and Science, Mongolian Banking Association, Sparkassenstiftung Mongolia, 17 central bank branches, 11 commercial banks, Rio Tinto, Unitel mobile network, Monpay, Univision LLC, Credit guarantee fund, Lemon Press media agency, Financial squirrel kids book series, Let’s run club, schools Total number of participating organisations: 71 Number of children and young people reached directly: 1,116,708 Number of adults reached directly: 1,420,313 Number of people reached indirectly: 6,072,101

The Bank of Mongolia led Global Money Week 2022 celebrations. During the week, the Bank of Mongolia, together with its partners, reached over 6 million children and youth indirectly and more than 1.4 million youth through in-person visits to schools, universities, vocational training centres and to bank branches. As part of GMW2022, the Financial Regulation Commission, MBA, Deposit Insurance Corporation of Mongolia partnered with the Bank of Mongolia, the Ministry of Education, Scientist, Sparkasse Banking Found Mongolia, Credit Guarantee Fund and all commercial banks in the country and private organisations like Monpay NBO, Unitel-mobile operator, Univision-IP TV, Sanhuuch Herembooking company, Rio Tinto, Lemon press-media company to collectively celebrate Global Money Week. From 14-27 March 2022 a range of activities were organised, including a social media contest, a TV show, bank tours, school visits and tours to the Central Bank Money Museum.

On 14 March, the Bank of Mongolia officially launched GMW2022 with an opening ceremony. The keynote speech was presented by the Governor of the Central Bank of Mongolia and The Mongolian Bankers Association. The closing ceremony was organised with commercial banks in cooperation with the “Let’s Run Together” club and included a public run in the National Park under the theme of “Build your future, be smart about money and be eco!”

In addition, a range of other activities were organised, including a social media contest, posters, bank tours, special trainings, radio shows on “how to manage money wisely and deal with financial difficulties”, a photo shoot in traditional Mongolian costumes was taken at the Money Museum in the Bank of Mongolia, trainings on “Savings and Costs” were provided to employees of enterprises and high school students, Q&A competition was held at the National Park, some selected schools took Financial literacy bus tour, and more.

Unitel, which is one of the leading mobile phone operator supported the campaign activities by promoting Global Money Week 2022 campaign via SMS sent to their customers. Other partners and supporters joined the week on their social platforms using the #GlobalMoneyWeek2022 hashtag.

Lemon press-media announced an essay competition via Facebook under the theme of “Build your future, be smart about money.” The judging committee selected the three best essays and awarded them with a savings account equal to 800 USD.

Montenegro

GMW National Coordinator: Central Bank of Montenegro Participating organisations: schools, universities, media organisations Total number of participating organisations: 45 Number of organisations participating in GMW for the first time: 12 Number of children and young people reached directly: 21,000 Number of adults reached directly: 2,500 Total number of people reached indirectly: 55,000

The Central Bank of Montenegro (CBCG) celebrated the jubilee 10th Global Money Week with a series of educational activities to strengthen financial literacy and economic knowledge and skills among children and youth.

The CBCG Governor opened this year’s campaign in Montenegro with a visit to the High School of Economics “Mirko Vešović”. He talked with students about the importance of financial literacy and developing young people’s competencies in personal finance management. Discussions covered various economic and financial topics, including modern trends in banking such as mobile and internet payments.

Activities continued with workshops on the history of money, savings, accounts, online shopping and similar concepts. The workshops were designed for higher-grade students in elementary schools “Kekec” in Sutomore, “Jugoslavija” in Bar,“Božidar Vuković - Podgoričanin” and “Marko Miljanov” in Podgorica, and “Bratstvo – Jedinstvo” and “25. Maj” in Rožaje.

Presentations with particular emphasis on electronic banking and payment services were organized for students of the Secondary School of Economics and Catering in Bar, the Secondary Vocational School “Ivan Uskoković” in Podgorica, and the Gymnasium “30 September” in Rožaje.

In cooperation with the Montenegrin universities, the CBCG conducted the project “Students ask, the CBCG answers” where students asked questions to the CBCG via e-mail, and CBCG representatives from various departments answered questions in the form of video messages posted on the CBCG social media accounts. Students from different faculties have shown interest in the world of finance through numerous issues, starting from the role of the CBCG in exercising the rights of financial services users to cryptocurrency trading.

During the Global Money Week, the CBCG also published authors’ blogs on interest rates, finances, and inflation on its website and social media accounts aiming to spread knowledge about financial terms we hear every day.

A mini glossary of financial terms was printed in the form of a flyer and distributed to students during the school visits.

Finally, the CBCG financially supported the first national competition of student companies in Montenegro which gave schools in Montenegro the opportunity to become a part of the global network Junior Achievement Worldwide.