Global Money Week 2022'Build your future, be smart about money'
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UN YOUTH SEYCHELLES
248 2619092
P.O.Box 8015
Global Money Week Seychelles 2022
For the 5th edition of Global Money Week in Seychelles, the campaign was once again led by the UN Youth Seychelles (UNYS). The week kicked off with a virtual launch ceremony hosted by UNYS on March 21st. The programme consisted of an overview of what has been accomplished since the introduction of GMW in the country followed by an interactive panel discussion. This year's campaign brought back a digital version of the Virtual Financial Education Tours, which have become a fan favourite throughout the years.
In 2022, the Virtual Financial Education Tour consisted of four tracks dedicated to specific themes: financial crimes, personal finance, personal business management and accounting. Each track was used for insightful and engaging sessions where participants were able to gain a deeper knowledge on the respective topics from various experts in their fields. The virtual aspect allowed both students but adults to participate. Members of the UNYS also took part in a local morning talk show "Bonzour Sesel" to promote GMW and explain the activities for the week in Seychelles. Furthermore, the UNYS posted different challenges on social media platforms and shared financial awareness materials.
For the first time in Seychelles, many organisations and institutions took their own initiative to organise events. The Central Bank of Seychelles (CBS) organised two virtual workshops during the week. One of the workshops held in collaboration with the Seychelles Pension Fund was dedicated to the topic of “Personal Financial Management" and the other workshop focused on "Money Matters". CBS also hosted three talk shows relating to several financial topics on different radio stations.
Apart from CBS, the Enterprise Seychelles Agency (ESA) organised two virtual sessions aimed specifically for Micro Small Medium Enterprise (MSME's). The sessions held explored the budget formulation and management and provided participants the chance to learn how to use QuickBook for their business.
In 2022, the Virtual Financial Education Tour consisted of four tracks dedicated to specific themes: financial crimes, personal finance, personal business management and accounting. Each track was used for insightful and engaging sessions where participants were able to gain a deeper knowledge on the respective topics from various experts in their fields. The virtual aspect allowed both students but adults to participate. Members of the UNYS also took part in a local morning talk show "Bonzour Sesel" to promote GMW and explain the activities for the week in Seychelles. Furthermore, the UNYS posted different challenges on social media platforms and shared financial awareness materials.
For the first time in Seychelles, many organisations and institutions took their own initiative to organise events. The Central Bank of Seychelles (CBS) organised two virtual workshops during the week. One of the workshops held in collaboration with the Seychelles Pension Fund was dedicated to the topic of “Personal Financial Management" and the other workshop focused on "Money Matters". CBS also hosted three talk shows relating to several financial topics on different radio stations.
Apart from CBS, the Enterprise Seychelles Agency (ESA) organised two virtual sessions aimed specifically for Micro Small Medium Enterprise (MSME's). The sessions held explored the budget formulation and management and provided participants the chance to learn how to use QuickBook for their business.
Participating Institutions
- UN Youth Seychelles
- Seychelles Pension Fund,
- Central Bank Seychelles,
- Nouvobanq S.I.M.B.C,
- Ministry of Finance, Economic Planning and Trade,
- Financial Intelligence Unit Seychelles,
- H Savy Insurance, Mauritius Commercial Bank (Seychelles),
- Seychelles Investment Board,
- Seychelles Revenue Commission,
- NeuroSey,
- Well of Inspiration,
- Fair Trading Commission,
- Enterprise Seychelles Agency
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Virtual Financial Education Tour
Economics Track
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The first Virtual Financial Education Tour (Economics Track) of the 5th celebration of Global Money Week in Seychelles kicked off today, with participants eagerly settling in to view presentations on the importance of financial stability in an economy. The event was led by Master of Ceremony Craig Joseph while the line-up included presenters from the Central Bank of Seychelles - Economist Audrey Rath, from the Ministry of Finance, National Planning and Trade- Comptroller General Astride Tamatave, Debt Analyst Stephana Hoereau, Trade Officer Audriana Dine, Economists Julius Joubert and Beverly Bijoux and finally Deputy CEO Michael Benstrong from Nouvobanq(S.I.M.B.C) who used the unique opportunity to state the importance of financial reputation in an economy. The institutions engaged participants in key economic topics such as explaining the fundamental functions of a bank, price stability in terms of inflation, macroeconomic interventions to balance global trade, prospective economic impact on Seychelles due to the Russia- Ukraine war, the frameworks of forecasting and analysis, core functions of national planning and the necessary roles of commercial banks.
The session ended on a comprehensive note whereby participants discussed queries and gained further information from professionals in the field!
The session ended on a comprehensive note whereby participants discussed queries and gained further information from professionals in the field!
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Financial Crimes Track
The second Virtual Financial Education Tour (Financial Crimes) of the 5th edition of Global Money Week in Seychelles was held today. The event was guided by the Vice President of UNYS and Project Co-ordinator of GMW, Ms. Amy Jean, and the line-up included presenters from the Seychelles Financial Intelligence Unit (FIU) – Manager of the Operational & Tactical Analysis Unit Mr. Ronny Belmont, from the Mauritius Commercial Bank (MCB) – Risk Manager Mr. Spencer Price, and from H. Savy Insurance (HSI) Ltd.– Assistant Manager Corporate Ms. Chrissy Hoareau. The presenters used the platform to engage participants in topics covering a range of topics from the impacts of financial crimes, mitigation strategies to counter effects of illegal financial activity, corruption, and the implications of the ever-growing prominence of cryptocurrency. Subsequently, the webinar covered queries largely regarding the regulation, monitoring, and investment potential of cryptocurrency and further information on the FIU.
Business Management and Accounting Track
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The third Virtual Financial Education Tour (Business Management and Accounting) of the 5th edition of Global Money Week in Seychelles was held today. The event was guided by Ms. Shannon Surman, and the line-up included presenters from the Seychelles Investment Board (SIB) – Director of Investment Facilities Mr. Jourdan Camille, from the Seychelles Revenue Commission (SRC) – Senior Tax Auditor Ms. Amanda Chang Waye and owner of NeuroSey, Neuropsychologist Ms. Sarentha Luther. The presenters used the platform to engage participants in topics covering investment, accounting, and auditing, as well as the successes and pitfalls which come with being an entrepreneur. Subsequently, the webinar covered queries regarding the topics discussed and participants gained further information from presenters.
7th March 2022 marked the end of the 5th edition global money week in Seychelles as our financial education tours and external events ended. The week began with the Virtual Launching of GMW, while the educational tours- consisting of the Economics, Financial Crimes, Business Management and Accounting and finally Personal Finance Tracks were hosted consecutively through Tuesday to Friday virtually alongside presentations from prestigious firms in Seychelles and interactive activities tailored to the specific tour for our participants to easily engage in extending their financial knowledge. UN Youth Seychelles thanks all institutions and panellists who took time to attend, build their respective presentations and clarify inquiries from participants about financial and economic awareness in all our Tracks! Global Money Week also featured in numerous external activities throughout the week to expand the depth of financial awareness by joining ESA's Annual Financial Awareness Campaign highlighting the elements of Business Formulation and Management alongside the e-worksop on Quickbooks for MSME's and ultimately starred on Bonzour Sesel, the same afternoon. Further, Global Money Week partnered with Central Bank Seychelles on many circumstances to uphold the importance and impact of Global Money Week in today's society from UNYS taking part in an insightful Budgeting and Savings talk held by CBS on Tuesday's Pure FM, collaborating in Financial Awareness sessions held by SPF and ultimately providing a final talk on Friday at K Radio, to sum up Global Money Week's extensive campaign.
Finally, UN Youth Seychelles shows gratitude to all participants, organisations, and Project and co-project coordinators who made Global Money Week successful and brought Global Money Week alive!
Finally, UN Youth Seychelles shows gratitude to all participants, organisations, and Project and co-project coordinators who made Global Money Week successful and brought Global Money Week alive!
Launching Ceremony - March 21, 2022
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The 10th Edition of the Global Money Week and its 5th celebration in Seychelles had a successful Virtual Launching today, with coordinators, participants and special guest settling into support the live campaign based on the theme ' build your future, be smart about money!' Our Master of Ceremony Angelique Juliette presented the stimulating launch with UNYS' President Raymus Laurence's opening remarks, whereby GMW project coordinator Miss Amy Jean, Finance & Accounts Officer Miss Turissa Sullivan and Financial Inclusion Analyst at CBS Mrs Rose Larue followed close to take their stage. The discussion shared various viewpoints of the multiple panelists on topics including financial literacy concepts, macro-economic knowledge, the impact of the pandemic on personal finance and therefore its adjustments, financial awareness in adolescents and adults and its effects in building a future of financial stability. Furthermore, speakers provided a reminder for the activities prepared throughout this week such as the Economic, Financial Crimes, Business Management and Accounting and Personal Finance Tracks to enrich financial awareness. Participants actively engage in a series of quizzes to test their knowledge on the campaign at a global perspective, and lastly viewed a carefully curated video to bring together all aspects of Global Money Week 2022!
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