The Global Money Week kicked off Monday, 10 March 2014, by symbolic ring of the bell at the Macedonian Stock Exchange, organized by the Coordinating Body of the Regulatory Authorities for Financial Education in Macedonia, under the leadership of Child and Youth Finance International, which took place in the period 10-17 March 2014.
The Global Money Week kicked off Monday, 10 March 2014, by symbolic ring of the bell at the Macedonian Stock Exchange, organized by the Coordinating Body of the Regulatory Authorities for Financial Education in Macedonia, under the leadership of Child and Youth Finance International, which took place in the period 10-17 March 2014.
Thirty best students from the economic and law school Vasil Antevski-Dren from Skopje attended this event. They were allowed to virtually trade at the virtual stock exchange through the Macedonian Stock Exchange's educational portal, where a simulation of actual trading has been performed. The best student trader will be awarded with free training on capital markets principles at the Macedonian Stock Exchange after a month of trading.
While the Macedonian Stock Exchange hosted this event in Macedonia, it was also organized in 17 other countries in partnership with their stock exchanges such as Amsterdam, Brussels, Stockholm, Lisbon, Paris, London and others.
The Global Money Week is a global event that takes place worldwide. This year's activities are organized in more than 100 countries, in partnership with over 500 institutions and organizations, involving more than 2 million children and youth.
The Global Money Week is a global initiative to raise awareness among youth through learning about how money, including savings, employment and entrepreneurship, work. Each year young people discuss, read and learn about the economic and financial systems through various activities carried out by state institutions, in order to build a financially stable future. The aim of the Child and Youth Finance International is to encourage children and youth to invest in their future, stressing the importance of early financial education, which will help children become aware of their financial rights, will facilitate access to financial services and will develop their financial skills.
The events are concentrated in a week, but the ideas received and new information learned from financial education will have a long-term impact, especially among young people, and more generally, on the overall economy. It is very important that every child and every young man, when become an adult, is ready to enter the labor market, to make the right financial decisions and to understand the importance of financial products and services.
During this week, the National Bank, in particular, delivers interactive lectures in several primary and secondary schools through which students will be introduced closer to the money, their meaning, exchange, history, manufacture, saving, inflation, monetary policy, etc.. The National Bank, with the Financial Education Project, develops educative papers and publications designed for youngsters, which includes various representative materials.