The Bank of Greece, national coordinator of Global Money Week
Since November 2022, the Bank of Greece has taken up the role of national coordinator of OECD’s initiative “Global Money Week”. It is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions and ultimately achieve financial well-being and financial resilience.
Global Money Week 2024
Global Money Week (GMW) 2024 took place between 18-24 March 2024 and focused on the theme “Protect your money, secure your future”. Alongside its own GMW activities, the Bank of Greece, as the national GMW coordinator, once again engaged with other stakeholders to encourage their active participation in the GMW 2024, an annual global awareness-raising campaign organised by the OECD.
Βank of Greece actions
The Bank of Greece Communications Unit implemented a social media campaign targeting young audiences through creating a short video (available only in Greece) on secure payments and protection against online fraud. The campaign was complemented by information material on “How to protect yourself from internet fraud”.
- The Bank of Greece Museum launched an educational action this year, drawing on its temporary exhibition entitled “Inflation”, in conjunction with the permanent GMW slogan “Learn. Save. Earn.” and the 2024 theme “Protect your money, secure your future”.
- The educational action, entitled “Pay attention... or pay the price”, mainly targets secondary school pupils and any other stakeholders. Concepts such as “money”, “purchasing power” and “price stability” are presented to the visitors in an experiential way, so that, by the end of their visit, they are able to better understand inflation and its impact on their purchasing power. The goal is also to inform visitors on all that central banks are doing to safeguard price stability.
- The Bank of Greece Centre for Culture, Research and Documentation has published a new book entitled “The abecedary of economy for teenagers”, by Nikolaos D. Philippas, Chairman and Founder at the Hellenic Financial Literacy Institute and Professor of Finance at the University of Piraeus. This publication is the follow-up of the original financial education dictionary “The abecedary of economy”, addressed to primary school pupils.
Related links:
- Bank of Greece efforts to promote financial literacy
- Bank of Greece Museum actions for GMW2024
- About Global Money Week
Organisations that have signed up for GMW2024 and carry out similar actions:
(in alphabetical order)
Action Aid, https://actionaid.gr
Alpha Bank, https://www.alpha.gr/en/
CEPAL, https://cepal.gr/?lang=en
DoValue, https://dovaluegreece.gr/en
ERGO Academy, https://en.ergo.academy/
Hellenic Association of Insurance Companies, www.eaee.gr
Hellenic Bank Association, https://www.hba.gr/En
Hellenic Financial Literacy Institute, https://www.gfli.gr/en/
Hellenic Loan Servicers Association (HLSA), https://eedadp.com/en/homepage/
Union for Working Consumers of Greece (EEKE), https://eeke.gr/en/
Other organisations that contribute to this joint effort: Hellenic Capital Market Commission, SOS Children's Villages, Women on Top, Finance Laboratory of the University of Piraeus Department of Business Administration, etc.
The Bank of Greece as national coordinator in “Global Money Week”
Protection from internet fraud (bankofgreece.gr)
Αν το πατήσεις... θα την πατήσεις! - YouTube (video in greek)
Global Money Week 2023
The Bank of Greece participated in Global Money Week 2023 by organising actions in its Museum; moreover, as national coordinator, it contacted other agencies with a view to informing and mobilising them to participate in this year’s financial education campaign of the OECD.
Activities for secondary education students
The Museum of the Bank of Greece designed and implemented an interactive programme targeting secondary education students. Students participated in a specially designed programme on this year’s campaign theme “Plan your Money, plant your future”, which focuses on the interaction of climate change with the economy, sustainability and raising awareness on the implications of individual financial behaviour not only on one’s financial future, but also on the environment and the society.
The programme was organised around three strands:
-CLIMATE CHANGE: information and awareness-raising through the exhibits of the Museum’s temporary exhibition (GMW slogan: Learn!)
-SAVE YOUR MONEY, saving earth: green saving (GMW slogan: Save!)
-EARN YOUR MONEY, saving earth: green employment and professions of the future (GMW slogan: Earn!).
The programme, which targeted students, had a duration of one (1) hour and was so designed as to be implemented either through on-site visit of the temporary exhibition, or outside of the Museum, on the basis of a detailed narrative with a complete set of instructions that was delivered to teachers, who would in turn explain the programme to students (e.g. inside the school).
For more information on this narrative, click here.
The programme was attended by more than 300 students from six schools and one vocational training institute.
Coaching of secondary education teachers
As part of the aforementioned action, the Museum of the Bank of Greece received on Thursday, 2 March 2023, a group of secondary education teachers, who were coached to present the action at their schools.
Communication with agencies
In order to maximise the effectiveness of the actions under the Global Money Week umbrella, the Bank of Greece, as national coordinator, contacted other agencies that are active in financial education, with a view to informing them on the Global Money Week initiative and the Bank’s role as national coordinator, as well as encouraging them to become part of a larger effort to promote financial literacy.
In greater detail, the Bank of Greece contacted with the following entities, who participated in the Global Money Week initiative:
On 25 October 2023, as part of the webinar “Launch of the GMW Annual Report 2023”, the Bank of Greece, was one of five GMW participating institutions that shared insights and experience with GMW.
On behalf of the Bank, Ms Maria Karvounopoulou, Head of the Museum Service, presented an interactive programme, designed and developed by our Museum, and its enthusiastic reception by the target audience, secondary education students.
To watch the webinar “Launch Event: Global Money Week Annual Report 2023”, click here.
Global Money Week 2022
In the context of Global Money Week 2022, the Bank of Greece and the Central Bank of Cyprus co-hosted on 17 March a webinar on “Financial Literacy: Challenge for the Future”. Governors Yannis Stournaras and Constantinos Herodotou were the keynote speakers.
Speech by Governor Yannis Stournaras entitled “The need to promote financial education” (available only in Greek)
In this context, the Museum has organised the following special events:
• Museum visits
• Guided tours to the current temporary exhibition of the Museum
• Digital activities
• Online access to a 3D green investment game
• Museum outreach programme
• Launching of the museum-educational programme “Without cash, how?”
Global Money Week: Build your future, be smart about money – Events at the Museum of the BoG
Please find here all relevant reports on the participation of Greece in the Global Money Week.