The inauguration ceremony for the "Global Money Week-2024" initiative was conducted on March 20 in Ulgii city, Bayan-Ulgii province, championing the theme "Protect your money, secure your future".
This significant undertaking was collaboratively orchestrated on March 20 by the Bank of Mongolia, the Deposit Insurance Corporation, the Mongolian Banking Association, the Foundation of Sparkasse Bank of Germany in Mongolia, the National Center for Lifelong Education affiliated with the Ministry of Foreign Affairs, the Capital Support Center for Small and Medium Enterprises and Services, along with various commercial banks. Initiated on March 20, this endeavor will unfold until April 10.
The organizing bodies are set to jointly conduct a series of educational workshops and competitions, aiming to enlighten participants on the essence of financial security, the merits of deposit protection, and the principles of prudent financial stewardship.
The opening ceremony was graced by the presence of S. Baatarsuren, the Interim Chief Executive Officer of the Deposit Insurance Corporation, and A. Altantulhuur, Head of the Foreign Relations and Cooperation Division.
Since its establishment in 2012, the "Global Money Week" initiative, facilitated by the International Network of Financial Education (OECD/INFE) under the aegis of the Organization for Economic Co-operation and Development (OECD), has garnered the involvement of 176 nations, reaching over 60 million youths and children worldwide, fostering an understanding of financial literacy and the critical importance of deposit insurance mechanisms in financial security.