19/03/2024 - Press Releases

The Bank of Greece has taken up the role of national coordinator of the Organisation for Economic Co-operation and Development (OECD) initiative "Global Money Week " (GMW).

GMW is an annual global awareness-raising campaign on the importance of ensuring that young people, from an early age, are financially aware, and are gradually acquiring the knowledge, skills, attitudes and behaviours necessary to make sound financial decisions. Starting in 2012, GMW has been held every March and has reached over 60 million children and young people in 176 countries worldwide.

GMW2024

This year, GMW will take place between 18 and 24 March. The GMW2024 theme, "Protect your money, secure your future", focuses on safe money management and highlights the importance of adopting a responsible and informed approach to personal finances, by being aware of potential risks in the financial sector and protecting one's hard-earned money. Such risks may include financial scams and frauds, including phishing, money muling and online shopping scams.

In addition to its own actions, the Bank of Greece, as national coordinator of the GMW, informs financial education stakeholders about this initiative and encourages economic agents and organisations to join in the broader effort to promote financial education, so that young people can ultimately achieve financial well-being and financial resilience.

Bank of Greece actions

- In the coming days, the Bank of Greece Communications Unit will implement a social media campaign targeting young audiences through creating a short video on secure payments and protection against online fraud. The campaign will be complemented by information material on "How to protect yourself from internet fraud."

- The Bank of Greece Museum launched an educational action this year, drawing on its temporary exhibition entitled "Inflation", in conjunction with the permanent GMW slogan "Learn. Save. Earn." and the 2024 theme "Protect your money, secure your future".

The educational action, entitled "Pay attention... or pay the price", mainly targets secondary school pupils and any other stakeholders. Concepts such as "money", "purchasing power" and "price stability" are presented to the visitors in an experiential way, so that, by the end of their visit, they are able to better understand inflation and its impact on their purchasing power. The goal is also to inform visitors on all that central banks are doing to safeguard price stability.

- The Bank of Greece Centre for Culture, Research and Documentation has published a new book entitled "The abecedary of economy for teenagers", by Nikolaos D. Philippas, Chairman and Founder at the Hellenic Financial Literacy Institute and Professor of Finance at the University of Piraeus. This publication is the follow-up of the original financial education dictionary "The abecedary of economy", addressed to primary school pupils.

Related links:

- Bank of Greece efforts to promote financial literacy

- Bank of Greece Museum actions for GMW2024

- About Global Money Week

Organisations that have signed up for GMW2024 and carry out similar actions:

(in alphabetical order)

Action Aid, https://actionaid.gr

Alpha Bank, https://www.alpha.gr/en/

CEPAL, https://cepal.gr/?lang=en

DoValue, https://dovaluegreece.gr/en

ERGO Academy, https://en.ergo.academy/

Hellenic Association of Insurance Companies, www.eaee.gr

Hellenic Bank Association, https://www.hba.gr/En

Hellenic Financial Literacy Institute, https://www.gfli.gr/en/

Hellenic Loan Servicers Association (HLSA), https://eedadp.com/en/homepage/

Union for Working Consumers of Greece (EEKE), https://eeke.gr/en/

Other organisations that contribute to this joint effort: Hellenic Capital Market Commission, SOS Children's Villages, Women on Top, Finance Laboratory of the University of Piraeus Department of Business Administration, etc.