What Has Happened During Global Money Week?
The Global Money Week, which was launched with stock market opening gong in 38 countries last year, has started in our country as hosted by Borsa İstanbul, with the striking the gong ceremony this year. Striking the gong ceremony held with the cooperation between SPK-FODER and as hosted by Borsa İstanbul, was expressed as a symbolic support for young people, their dreams and their financial future at Global Money Week.
Striking the gong ceremony as the opening of Global Money Week, which took place on 14 March 2016, with the participation of Borsa İstanbul Executive Vice President Hüseyin Zafer, Head of Corporate Communications Department of SPK Emre Önyurt, FODER’s Chair Özlem Denizmen as well as with the participation of children and young people between the ages of 9-25, was expressed as a symbolic support for young people, their dreams and their financial future.
After the gong ceremony, Borsa İstanbul Executive Vice President Hüseyin Zafer stated that the fact that increase of the savings and inability to use it in a conscious and most efficient way are the most important economic issues of the Turkey, and the society in Turkey had savings as equal to 13 percent of GDP and had investments as equal to 19 percent of GDP in 2014. Borsa İstanbul Executive Vice President Zafer stated: “From this simple statistics, it can be apparently observed that Turkey is a country which has to cover the gap in between by foreign sources. The increase in the savings rate and the use of these savings in Turkey’s capital markets are therefore of great importance.”
Financial Literacy and Inclusion Association (FODER)’s Chair Özlem Denizmen stated: “As FODER, we see financial literacy as the main parameter of sustainable development and growth. Young people and children are the most important pillars of this parameter. The awareness of saving raised at a young age is a useful investment for the future of the youth and for the future of our country. FODER members are extremely aware of this responsibility. New generations who know how to save money wisely are the sine qua non for ensuring a smart economy. As all FODER’s components, we are ready to fulfill our responsibilities to bring this awareness to our youth and children. During the Global Money Week, we will reach the children and young people with many activities and trainings. Turkey’s economic future will be determined by the financial literacy of younger generations. We would like to express our gratitude to all the companies we cooperate with, including the Capital Markets Board and Borsa İstanbul which have always provided their support to us in that regard, and to the individual and corporate members of FODER.
Head of Corporate Communications Department of SPK Emre Önyurt stated that the concept of financial education is becoming more and more important after the global financial crisis, and the lack of information on financial issues poses a threat to the financial sustainability of individuals and countries.
The theme of the year “Take Part.Save Smart!”
This year’s theme of Global Money Week, which is supported by OECD, was identified as “Take Part.Save Smart!” Within the scope of this theme, it has been aimed to ensure the children and young people to have smart habits on the field of costs and to learn to act carefully in that regard starting from an early age. It is aimed to develop the money management capability while raising awareness about the financial problems that may be encountered in the later years of life.
Darüşşafaka’s Children Celebrated Global Money Week Within the scope of Global Money Week events
A trip to Ottoman Bank Museum located on SALT Galata was held on 18 March Friday with the participation of Darüşşafaka’s students. After the museum tour for 5th grade students of Private Darüşşafaka Educational Institutions, which is the first non-governmental organizations on education in Turkey, the students were provided a financial literacy training by Attila Köksal, who is Foder’s Vice Chair.
Hundreds of children were gained the consciousness on make savings in 5 cities.
During the week, FODER provided financial literacy trainings in various primary schools, high schools and universities in 21 different districts of Istanbul, Sakarya, Bursa, Samsun and Niğde. In addition to FODER’s volunteers, volunteer students from Boğaziçi University reached the children and young people in the Asian side; whereas the volunteer students from Yeditepe University reached the children and young people in the Anatolian side of Istanbul.
In cooperation with Beyoğlu Municipality during Global Money Week in Turabibaba Library financial literacy trainings for primary and secondary school students continued.
