The Bank of Mongolia has launched its Student Trainer Teacher program to boost economic knowledge. The financial literacy program aims to improve understanding among students and young people. It uses peer to peer learning methods to spread financial education effectively. The program includes around 200 students from more than 20 universities. Participants may come from any field of study without restrictions.
This financial literacy program provides foundational knowledge in finance and economics. Students will receive training in teaching methodology during the sessions. They will later share their knowledge with fellow students at their own schools. The program combines both in person and online training formats. It integrates theory with practical application throughout the curriculum.
Telmuunsaikhan M. is the Director of the Financial Education and Communications Department. He introduced the program’s objectives and implementation plans at the opening ceremony. The first training session was led by Senior Economist Battuul D. She delivered an introductory lecture on the central bank’s core functions. She also explained the training’s internal organization and methodology. More than 100 students attended and took part in active discussions.
The financial literacy program will expand participants’ financial knowledge significantly. Students will develop presentation, communication, and teamwork skills as well. They will gain practical experience through hands on activities and projects. Participants will receive a basic understanding of the central bank’s operations. They will also learn about monetary policy and budgeting fundamentals. Personal financial management and investment principles are also covered. The business environment will be explained in accessible terms for students.
The program will be conducted in stages over a defined period. Participants will attend both in person sessions and online modules. The opening ceremony drew a large crowd of interested students. More than 100 attendees engaged in active discussions after the lecture. The financial literacy program aims to create a multiplier effect across campuses. Moreover, trained students will educate their peers, spreading knowledge organically. This approach maximizes reach without requiring massive additional resources.
Future phases of the program may expand to include more universities. The Bank of Mongolia plans to monitor the program’s effectiveness closely. Successful participants may become certified financial peer educators. The program could serve as a model for other central banks. Financial literacy remains a critical skill for young people entering the workforce. The financial literacy program will help Mongolia build a more economically savvy generation. Long term, this initiative may contribute to greater financial stability nationwide.
