The Bank of Israel and the Ministry of Education are promoting financial education activities

Minister of Education Dr. Yifat Shasha-Biton said, “Money Week is a week for raising awareness of the importance of financial education and providing our children with the tools and skills necessary in this area to prepare them for lives as adults.  I welcome the cooperation with the Bank of Israel as part of the activities taking place this week.”

 

Bank of Israel Governor Prof. Amir Yaron said, “Deepening our connection with the public is one of the Bank of Israel’s goals.  As part of this, we are promotion financial education activities such as the programs during Global Money Week.  I welcome the cooperation with the Ministry of Education to promote this.”


 Nurit Felter-Eitan, Head of the Communications, Community and Government Relations Division at the Bank of Israel, said, “The Bank of Israel attributes great importance to increasing financial awareness among the general public, and in providing financial skills that will help the public conduct its finances responsibly.  I invite schools and students to join those from many other countries around the world in gaining practical tools alongside fascinating experiences and experiments during Global Money Week, which we are promoting together with our partners.”

 

Global Money Week, which is being led by the International Financial Education Forum of the OECD, has been held around the world since 2012.  This week, which will take place between March 21 and 27, 2022, features many financial education activities in many countries around the world.  Thus far, more than 50 million teens have participated in such activities.  Last year, at the initiative of the Bank of Israel and the Ministry of Education, Israel participated in financial education activities during Global Money Week for the first time, focusing on grades nine and ten.

 

This year, a user-friendly presentation aimed at grades 7 and 8 has been developed, including information on managing a budget, keeping track of income and expenses, the importance of savings, information on identifying counterfeit banknotes, and more.

 

The presentation will be made during an online broadcast featuring representatives of the Ministry of Education and the Bank of Israel.  The broadcast will take place over the “Academy Online” website on March 21, 2022 at 9:45 am in Arabic, and at 11:00 am in Hebrew.  Schools will be able to incorporate the broadcast in their planned classes.  All content will be available for general use following the broadcasts on the Bank of Israel’s website.

 

In addition, schools are invited to incorporate an experiential visit of the Bank of Israel’s visitors center during Global Money Week.  The visit will include a class on financial education, followed by a tour that will include the Bank’s exhibition of money and means of payment, information on the Bank of Israel’s functions, the Israeli currency system, and more.  The visit is free, but advance booking is required.  Places are limited.

 

To register for a tour, please call 03-564-0781/2 or send an email to mevakrim@boi.org.il​