Students across Ireland set to go head-to-head in the live online quiz final for a chance to represent Ireland in the European Finals in Brussels
The Minister for Education, Joe McHugh TD, today officially launched the Irish finals of the 2019 European Money Quiz, a European-wide financial education competition for 13 to 15-year-old students organised by Banking & Payments Federation Ireland (BPFI).
On Tuesday 12th March students in classrooms across Ireland will go head-to-head when they play the quiz simultaneously online in an innovative real time Kahoot! webcast on YouTube. The students will be vying to represent Ireland in the European finals of the quiz for which they will be flown to Brussels to take on students from over 20 other European countries for a chance to be crowned European Champions and share in a prize fund of €5000 for their school. In 2018 two students from O’Carolan College, Nobber, Co Meath took second spot in the European final beating teams from 24 other counties. In total last year’s quiz attracted more than 40,000 students across Europe.
The European Money Quiz has been launched as part of European Money Week (EMW), a joint initiative between the European Banking Federation and 30 banking associations across Europe – including BPFI, which aims to boost financial literacy levels and raise awareness on the benefits of financial education.
In addition to running the quiz, BPFI is also holding its Economist Masterclass Webinar for senior cycle business and economics students. Bringing together the chief economists from Ireland’s leading retail banks, the Webinar is set to stream into classrooms on March 28th allowing students right across Ireland to engage on the top economic issues of the day.
Registration for both the Quiz and Webinar are still open and details can be found here.
Welcoming the initiatives the Minister for Education and Skills, Joe McHugh TD, said: “The European Money Quiz and Economist Webinar are innovative and fun ways to engage students in the important area of financial education and will no doubt be of great value to teachers and students alike.
“Learning about finance and how it relates to daily life and careers is vital for young people. I commend both BPFI and the BSTAI in working to rollout these initiatives and would encourage all business teachers and students to use and take advantage of the benefits they will provide.”
Also speaking today, Felix O’Regan, Director Public Affairs, BPFI said: “We need to enable young people to get ready and understand the terminology they will come across in the future by inviting them to test and challenge themselves. That is exactly what our programme for European Money Week including the Money Quiz aims to do and everyone has fun too! To achieve this we work in conjunction with the Business Studies Teachers Association of Ireland (BSTAI) and our member banks to develop a financial education programme of events, resources and engagements each year to help teachers equip Irish students with the right skills. We wish all students entering the quiz the best of luck and hope that whatever the result they will learn from the experience.”
BPFI’s participation in European Money Week is part of its on-going work in the area of financial education which also includes the development of BusinessEducation.ie, an online resource for teachers and students of business subjects at second level developed jointly with the Business Studies Teachers’ Association of Ireland (BSTAI) and member banks.
For further information contact Jillian Heffernan, Head of Communications, BPFI, 087 9016880 email@example.com
About European Money Week and European Money Quiz
Established in 2015, European Money Week (EMW) is a joint initiative between the European Banking Federation and over 20 banking associations across Europe – including BPFI. Taking place in March each year EMW consists of a series of events both at national and European level with the aim of raising public awareness on financial literacy and improving financial education for students at primary and secondary level. This year European Money Week will take place from the 25-29 March.
Now in its second year the European Money Quiz is a Europe-wide competition which aims to promote financial literacy among students aged between 13-15 year olds. The competition takes place in two phases, with national competitions held online in over 20 countries across Europe, including in Ireland, to determine the finalists from each country will be sent to Brussels to compete in the European Money Quiz European Final. The Irish national quiz will be held at 12 noon on Tuesday 12th of March and is organised by Banking & Payment Federation Ireland (BPFI). The European finals of the European Money quiz will take place on Tuesday May 7th and is organised by the European Banking Federation.
Banking & Payments Federation Ireland (BPFI) represents the banking, payments and fintech sector in Ireland. Together with its affiliates, the Federation of International Banks in Ireland and the Fintech & Payments Association of Ireland, BPFI has over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.