Moldova

GMW national coordinator: National Bank of Moldova Participating organisations: National Commission for Financial Markets, 13 financial institutions, Ministry of Finance, Maib, EXIMBANK Group, CB “Moldindconbank” JSC, FinComBank S.A., BC EuroCreditBank SA, OTP Bank S.A, Expert-Grup, FinEdu, “OK” Foundation for Financial Education Total number of participating organisations: 25 Number of children and young people reached directly: 345,498 Number of adults reached directly: 219,401 Number of people reached indirectly: 294,161

The Global Money Week 2022 launch event was organised by the National Bank of Moldova (NBM) on March, 21st. The event was attended by representatives of public institutions, civil society, partners in carrying out financial education projects in the country and abroad. On the first day of GMW, the National Bank and the Ministry of Finance of the Republic of Moldova signed a partnership agreement with the purpose to provide citizens with the necessary financial education skills and support in becoming more familiar with the financial environment.

NBM in partnership with the Independent Think-Tank “Expert-Grup” organised, within the financial education project “Give sense to money” an online workshop for young people interested in finance. Participants had the opportunity to deepen their knowledge on the financial system of the Republic of Moldova, the specific rights of payment users, and more. Another online workshop was organised by NBM in collaboration with the Economic Press Club for students from the Faculty of Journalism and Communication Sciences of the State University of Moldova.

During the campaign week, financial literacy awareness sessions were offered to children, youth and adults via digital means by the Ministry of Finance, American Chamber of Commerce in Moldova (AmCham Moldova), Customs Service, Moldovan Club of Intellectual Games, Mobility Era, coordinated by FINEDU – a local NGO specialised in advancing financial literacy. The Ministry of Finance was involved through their national campaign on financial education called “Public budget is your budget” that was launched in GMW in 2021 and included a series of recurrent activities since. In total 5,000 children and adults were reached through several digital activities such as intellectual games and specialised webinars.

The National Commission for Financial Markets along with partners, represented by non-bank financial market participants organised virtual lectures and workshops during GMW2022 and reached more than 25,000 children and youth. High-level discussions, seminars and other educational sessions were organised by the non-bank financial market supervisors and market participants. Throughout the week, young people were able to engage in different online activities.

The commercial banks were actively involved in organising activities during GMW2022. Most commercial banks conducted different online financial education activities.

Eximbank S.A. reached directly 57 children and youth through two in-person workshops and 5,699 online users through several digital initiatives such as two relevant financial education videos and one book presentation. Financial literacy awareness sessions were offered to children and youth, both through digital platforms and in-person meetings. Children could discover financial literacy through a dedicated Book - “Arco & Iris in South America” - fable by Savings Museum, translated into 16 European languages for GMW. This was done with the collaboration of the network of foreign banks in Intesa Sanpaolo’s International Subsidiary Banks Division. The book was dedicated to elementary school students in order to raise awareness of savings and the importance of being financially independent. This new multilingual tool was made available by the Savings Museum and participating banks to parents who were encouraged to start educating children about economic independence, teaching them that a harmonious relationship with money would be the right way to make their dreams come true.

This year, Moldindconbank reached directly 206 children and youth participants through online and offline activities. The commercial bank organised two events on the topic of “Trends in Digital Banking” for young people. The training was delivered by an international expert in digital banking and banking cards. The goal was to create awareness about the digital services that can be provided by banks, financial institutions or fintech companies around the world and in Moldova. At the end of the events, the participants were involved in a creative workshop and coloured puzzle boards. The representatives of Moldindconbank were invited by Vocational school no. 5 from Chisinau to make an introduction on the topic “Diversity of bank fraud with cards and protection methods.”

FinComBank used an online financial literacy platform launched in 2021 to reach directly 315,204 children, youth participants and adults through online and offline activities. BC ”EuroCreditBank” S.A. organised financial education lessons where students had an opportunity to learn about the history of money, what technologies are used by banking operators to count and verify money. During the lesson, types of bank cards were presented with explanations on how to use them. Students learned more about commemorative coins and their importance. EuroCreditBank reached directly 20 children, youth participants and adults through online and offline events.

During the GMW2022, the OTP Bank along with “OK” Financial Education Foundation reached 417 children and youth through several digital activities such as creative contest on themes of “How to invest smart”, training “Marathon of Financial Education, ed. II”, drawing contest on “How to be smart about money”, visit “The way of money” to a School-branch, webinar on “Real Estate Investments” with an expert in the field, review of the book “The Monk Who Sold His Ferrari” by Robin Sharma, special edition of Titania Podcast, dedicated to financial education.