Azerbaijan

GMW national coordinator: Central Bank of Azerbaijan Republic Participating organisations: Ministry of Education, 90 schools Total number of participating organisations: 90 Number of children and young people reached directly: 12,900 Number of adults reached directly: 2,900 Number of people reached indirectly: Not reported

Throughout Global Money Week 2022, the Central Bank of Azerbaijan Republic (CBAR) along with partners reached 10,000 children and youth through several digital and offline activities. CBAR introduced two online courses “Children and Money” and “Financial Literacy: Strategy, Analysis and Teaching.” Around 10,000 schoolchildren and 2,900 teachers showed their interest in these courses. Two competitions were also launched, one for students and one for teachers.

During “Kids and Money” course the following topics were discussed: the purpose of money creation, security features of national banknotes of Azerbaijan Republic, how to spend money in more useful way, how to achieve our dreams, how to manage our money, how to protect our money from “traps”, how can we increase our money, how can we learn to “run” for our money, how can we make money, how does money protect us, how can we take care of our future, how to borrow money. Each of 12 topics covered in the course included a quiz to test students’ knowledge.

Since courses were in video format, most rural areas of the country could also be reached. Financial literacy staff visited schools in different regions to collect exams from students who could not visit CBAR to take tests in person.

In total 1,100 students applied online on the education platform of CBAR (https://edu.e-cbar.az) to take the final exam. Only students who listened all 12 topics and completed quizzes were allowed to apply for the final test. Some 940 students took the offline exam, 80 students participated online. Each of these students received gifts, leaflets and storybooks about financial literacy. 430 students passed the course with the results of 70% and above. Closing ceremony consisted of awards ceremony, which was held in second-biggest city Sumgait on May 18, and in Baku on May 20. Winners received certificates and gifts.

The second competition were dedicated to teachers. The competition aimed to increase popularity of “Financial Literacy: Strategy, Analysis and Teaching” course. Course focused on strategy, methodologies to teach financial literacy to students in different age groups. Around 2,900 teachers showed their interest in the course, 130 of them completed all 12 topics with quizzes and therefore eligible to apply at CBAR to take final exam and 26 of the teachers were recognised with outstanding results.