From 23-27 March 2020, financial education will be in the focus of events all over Europe, when national bank associations in more than 32 countries launch activities within the European Money Week in order to reach thousands of young people and improve financial literacy.
This will be the sixth time that the banking sector of Europe, at the initiative of the European Banking Federation in Brussels, is organising this event. The European Money Week aims to raise public awareness on the benefits of financial education at a time when low financial literacy is being increasingly perceived as problematic, especially bearing in mind the unstoppable advancement of financial technology highlighting the digital nature of money.
The Association of Serbian Banks, which is permanently committed to financial education, is organising the European Money Week in Serbia for the fifth time, launching a range of appropriate activities in cooperation with the banks, in the form of workshops, roundtables and lectures for different target groups and students of all ages. This year, too, the central event will be the European Money Quiz, another initiative launched by the European Banking Federation in 2018 and focused on financial literacy, when national banking associations across Europe invited students aged 13 to 15 years to join and participate. The Association of Serbian Banks, as a member of the EBF Financial Literacy Project, actively participated in the making of this European project, along with 30 other national banking associations. In cooperation with the Ministry of Education, Science and Technological Development, this project is being implemented in Serbia for the third time, and many students from schools throughout Serbia will participate in the state competition within the European Money Week on 17 March 2020. The eighth-grade elementary school and the first-grade high school students, who responded to the invitation in great numbers, will then have the opportunity to showcase their knowledge and win the competition that will be conducted live online via the Kahoot! platform. Two best ranking students will be invited to the finals of the European Money Quiz on 28-29 April 2020 in Brussels, and, just as last year, the Association of Serbian Banks will cover the travel expenses for them and their mentors.