GMW is an annual global awareness-raising campaign on the importance of ensuring that young people are financially aware from an early age, 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. The 2021 edition of GMW will take place from 22-28 March.
Celebration of Global Money Week in Seychelles
Seychelles celebrated Global Money Week for the second time in 2019. UN Youth Seychelles initiated several activities, and along with its partners, organised visits to various financial institutions. The Week was launched with an official Ceremony, with an opening speech provided by the Governor of the Central Bank of Seychelles. The address was followed with presentations on personal finance and other financial matters, provided by different stakeholders. A financial tour was organised for students from various schools, to allow them to visit commercial banks, insurance companies, the Seychelles Pension Fund and the Central Bank of Seychelles. The visits enabled children to learn about the functioning of these institutions and get an insight into possible career opportunities. Additionally, it allowed for the institutions to engage with an audience that is younger than the typical age demographic of their clients.
Anissa Rose Make-up,
Barclays Bank Seychelles,
Guy Morel Institute,
H Savy Insurance,
Independence School Seychelles,
Mauritius Commercial Bank,
Ministry of education and participating schools,
Sacos Group Ltd,
Seychelles Business Studies Academy,
Seychelles Pension fund,
The Central Bank of Seychelles,
University of Seychelles,
Well of Inspiration
Number of Children Reached Directly
On March 28th 2019, a group of Students participated in a Financial Education Tour where they visited Barclays Bank and H Savy Insurance. At Barclays the students visited all the three premises of Barclays and went around various division was introduced to the back offices of the Bank. They were shown how the banks handle interest rates, cash handling transactions. Internet banking, card payment and transaction, account opening and others. The groups of 25+ students were divided in three and the students received several briefing from staff and even a chat with the Managing Director Mr Johan Vanschalkwyk. UN Youth Seychelles would like to thank BARCLAYS BANK for collaborating with us to contribute towards greater.
On March 27th 2019, a group of Students participated in a Financial Education Tour where they visited, the Central Bank of Seychelles (CBS) , NOUVOBANQ and Sacos Insurance Group. At The CBS the students learned about the main function of the institution and how the responsibilities of various divisions. The students gained an overview of Monetary Policy and the issued coins. Several questions were raised such as Why was the 10 rupee coin issued and whether the 1 cent is still in circulation. UN Youth Seychelles would like to thank the Central Bank of Seychelles for collaborating with us to contribute toward greater
On March 28th 2019, a group of Students participated in a Financial Education Tour where they visited H Savy Insurance and Barclays Bank. At H Savy Insurance the students learned about various insurance policies, claims and benefits for taking an insurance as a form of savings plan. The students were presented with a few case studies which highlighted the need for such insurance and why it is important to be covered. UN Youth Seychelles would like to thank the H Savy Insurance for collaborating with us to contribute toward greater
On March 29th 2019, a group of Students participated in a Financial Education Tour where they visited, the Mauritius Commercial Bank (MCB) and Seychelles Pension Fund. At MCB the students engaged with the team by answering two questions following group discussions. They brainstormed on “what is a bank” and “the products and services a bank provides”. Their answers were quite accurate and set the scene for MCB to explain what they do as a Bank and their own products and services. Taking advantage of the age group that visited the Bank MCB highlighted their innovative products and new initiatives to meet customer’s needs such as their new App. The students were introduced with the MCB’s values which was a reflection of their own values that they need to think about as students and future professionals. This was followed by a brief tour around the bank to ensure the students have a practical understanding of various transactions and the day to day business of the Bank. UN Youth Seychelles would like to thank MCB for collaborating with us to contribute toward greater
On March 27th 2019, a group of Students participated in a Financial Education Tour where they visited, NOUVOBANQ, Sacos Insurance Group and the Central Bank of Seychelles. At NOUVOBANQ the Compliance Officer gave the students an overview of Banking, the procedures to open a Bank account and requested documents as a form of KYC (Know Your Customers). The students had specific questions about Minor accounts, audit processes of the Bank and ATMs security. Contrary to other visits this one took the form of a roundtable discussion where Mr Wellington Manjengwa the Head of Internal Audit also joined the students in discussion around business and entrepreneurship. UN Youth Seychelles would like to thank NOUVOBANQ for collaborating with us to contribute toward greater
On March 27th 2019, a group of Students participated in a Financial Education Tour where they visited Sacos Insurance Group, NOUVOBANQ and the Central Bank of Seychelles. At Sacos the students were appraised of the various Insurance products and savings opportunities that students/ youth can take advantage of at a very young age. The presentation was delivered with an emphasis on the Global Money Week Theme LEARN. SAVE. EARN whereby they made sure students understood their products and the importance of being insured, how to maximize their savings with various packages and move on to earning in the future. UN Youth Seychelles would like to thank Sacos Insurance Group for collaborating with us to contribute toward greate.
On March 29th 2019, a group of Students participated in a Financial Education Tour where they visited, the Seychelles Pension Fund and the Mauritius Commercial Bank. At the Seychelles Pension Fund the students was escorted through the various departments where the staff gave an overview of their jobs. Their final stop was in the conference room where they had a roundtable discussion with the CEO of Pension Fund Mrs Lekah Nair. She stressed on the importance of having a pension and highlighted the disadvantage of not having one. She shared some facts around the activities of Pension Fund, its investments and profits. The students posed various questions to better relate to the various scenarios being presented and left with a greater understanding on how they can plan to take care of themselves even after retirement and that their age was their greatest advantage. UN Youth Seychelles would like to thank Seychelles Pension Fund for collaborating with us to contribute toward greater.
Global Money Week 2019 Powered by UN Youth Seychelles