MONGOLIA GMW national coordinator: Bank of Mongolia Participating organisations: Ministry of Education, Authority for Family, Child and Youth Development, Lifelong centre under the Ministry of Education and Science, Mongolian Banking Association, Women’s federation of Mongolia, Deposit insurance corporation, Sparkassenstiftung Mongolia, 17 Central bank branches, 10 Media Organisations, 111 Schools, 17 Vocational Training Centers, 2 NGOs, 21 Universities, 11 Commercials Banks, 2 mobile network operator etc. Total number of participating organisations: 181 Number of children and young people reached directly: 16,952 Number of adults reached directly: 8,562 Number of people reached indirectly: 45,000 Throughout Global Money Week 2021, the Bank of Mongolia, together with partners, reached over 16,900 children and youth, through virtual trainings and different events in schools and universities. During the Campaign, financial literacy awareness virtual sessions were offered to children, youth and adults on the following subjects: “Money management”, “Personal finance and household budget”, “Costs and Saving”, and “Electronic money.” Additionally, the TikTok song and drawing contest on “Saving is easy” for children was organised among other events planned. In Mongolia, events and activities focused on the official GMW slogan “Learn.Save.Earn” as well as the GMW 2021 theme “Take care of yourself, take care of your money.” With the support of partner organisations, children had an opportunity to plan an interactive “Savings Game.” Along with the Central Bank branches, the provincial government organised several events to promote Global Money Week, including the “Nauryz” festival. The spread of COVID-19 limited many activities that have been carried out in previous years, however many stakeholders found ways to hold virtual events where possible. Partners and supporters joined the campaign on their social platforms using the #GlobalMoneyWeek2021 hashtag. During the opening of GMW 2021, two high-level online conferences took place. Namely, “Launch of Global Money Week 2021 in Mongolia” and “Conference on the Financial Literacy Strategy for MSMEs.” Furthermore, at the end of the event, Mongolia received a financial literacy bus, along with many training types of equipment, from the international organisation, which was extremely useful in providing financial education training in rural areas and remote locations.
Did you know? Bank of Mongolia used TikTok to reach young people during the GMW, since most young people in Mongolia are currently active on TikTok. Two leading mobile network operators of Mongolia supported GMW by sending messages and reminders about savings to all their clients aged between 15-40 years old.
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