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28/03/2023

From 20 to 26 March, the CBCG celebrated Global Money Week with numerous educational activities to develop financial literacy and economic knowledge and skills among children and youth. As the global campaign active participant since its launch in 2012, the CBCG conducted this year event under the slogan “Plan your money - plant your future.”

Governor Radoje Žugić opened this year campaign with a lecture for the pupils of the Secondary School of Economics “Mirko Vešović” on the CBCG role as a supervisor. With third-grade pupils and their teachers, Governor Žugić discussed the most current topics - inflation, the impact of monetary policy on the country’s economic conditions, public debt sustainability, cashless payments, etc.

The activities traditionally continued with workshops throughout Montenegro on the history of money, savings, creating a personal budget and other financial terms. Within the presentations on financial products, the CBCG representatives explained terms such as interest, loan, deposit, transaction account, inflation, and cryptocurrency to older grade pupils in primary schools “Ivo Visin” Prčanj, “Njegoš” Kotor, “Stefan Mitrov Ljubiša” Budva, “Džafer Nikočević” Gusinje, and “Petar Dedović” Murino, and pupils of the Maritime Secondary School Kotor and the Mixed Secondary School Andrijevica.

In cooperation with the Faculty of Economics and Business of the “Mediterranean” University in Podgorica, the CBCD organised a forum “The Role and Competencies of the Central Bank of Montenegro.”

Moreover, it organised creative workshops on money for younger children in two educational units of the preschool institution “Ljubica Popović”. In cooperation with the Television of Montenegro (TVCG), special broadcast on this topic was in the show “Pustite đecu (Let the Children)”.

To spread knowledge about financial management, the following authors’ blogs were published on the CBCG website and social networks during Global Money Week: “Managing Personal Finance and the Entire Society’s Prosperity” and “Green Financing” – a Step towards the Society and the Planet’s Welfare.” The blog on managing personal finances analyses the connection between individual decisions on consumption, savings and investments in society. The latter blog points out the necessity of the so-called green financing and discusses how banks and other financial institutions can follow green i.e. ecological principles.

Global Money Week is held every March in 176 countries worldwide under the auspices of the Organization for Economic Cooperation and Development (OECD).