Armenia

GMW national coordinator: Central Bank of Armenia Participating organisations: Minister of Education, Science, Culture and Sports of Armenia, Ministry of Labor and Social Affairs of Armenia, Ministry of Innovation and Technology of Armenia, Deposit Guarantee Fund of Armenia, Financial System mediator, ACRA credit bureau, Armenian Motor Insurers’ Bureau, Armenia Securities Exchange, Union of Banks of Armenia, Union of Credit Organisations of RA, HSBC Armenia, Armeconombank, Telcell, Reso Insurance company, American University of Armenia, Armenian National Agrarian University, Gladzor University, Shirakatsy Lyceum International Scientific-Educational Complex, Poqrik Ishkhan Educational Complex, Junior Achievement of Armenia, Armenpress, B24, Armtimes, Hetq.am, News.am, Lratvakan.am Total number of participating organisations: 123 Number of children and young people reached directly: 2,705 Number of adults reached directly: 370 Number of people reached indirectly: 4,500

The 2021 edition of Global Money Week in Armenia included both online and offline events. Many of the activities were organised by government, financial institutions and public organisations. Over 2,700 children and youth took part in the campaign that helped them to develop their knowledge, skills, attitude, and behaviour about personal finance management and money matters.

In Armenia, another financial education campaign called ‘My Finance Month’ project is planned annually that starts with Global Money Week and is held until mid-May.

To kick-start Global Money Week 2021, the Central Bank organised a live webinar about money management. Experts from various financial institutions and organisations were invited to give speeches on money matters. Social media and news channels were used to share updates from the event. The topics were defined by the Facebook users, and the most popular topics were about savings, debt management, securities, cryptocurrencies, etc.

Throughout the week, many online and offline activities were organised, including workshops and lectures in schools and universities. Also, two competitions were announced: an art competition on the topic of “It is not easy to deceive me” that was dedicated to the financial scams and frauds, as well as a Wikipedia article competition to enrich the online encyclopaedia.

The Central Bank of Armenia in cooperation with the Ministry of Education, Science, Culture, and Sport and Junior Achievement Armenia once again organised an annual financial-economic competition. Due to COVID-19, the event has been organised remotely in the past two years. The 10th-grade high school students participated in the regional competition followed by semi-final and final online competitions. The students had to answer theoretical questions and solve problems through the online tool Quizizz. Their answers showcased their competencies in money matters and personal financial management.

“Virtual Savings Game” was organised for adults via Zoom. Because of COVID-19 outbreak, Savings Game boardbased training materials were redesigned by the Armenian representative of German Sparkassenstiftung for International Cooperation into a virtual format to continue engaging beneficiaries via online workshops. These materials were translated into Armenian and adopted for the training format.

“Poqrik Ishkhan” Educational Complex initiated a career day called “To be or not to be an economist” where students had an opportunity to learn about the profession of an economist and asked their questions.

A new event was initiated and organised by the Shirakatsy Lyceum International Scientific-Educational Complex called “Learning by teaching.” The programme included secondary school students teaching younger children about money matters.