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News - Media Releases 2020

18/02/2020

Thousands of students targeted by Central Bank of Malta educational leaflet on euro

Thousands of students will be receiving an educational leaflet on the euro currency, produced by the Central Bank of Malta in collaboration with the Department for Curriculum, Lifelong Learning & Employability.

The euro is Malta’s currency, but it is also the currency of 18 other European countries that are members of the European Union. With 73 nationalities (not counting Maltese) currently attending classes in Year 7 and Year 8 at State schools, 59 of which come from outside the euro area, the need for an educational tool has long been felt, helping to familiarise young students with the currency – both when they handle their own pocket money, or when they see adults using it.

Written in Maltese and English, to have as wide a reach as possible, this colourful leaflet conveys its message using simple language aided by clear visuals. It helps students identify genuine euro banknotes as well as features on coins by focussing on the three key security features identified through the feel, look and tilt method.

An innovative feature of this leaflet is an incorporated pocket containing printed coin and banknote cut-outs which are ideal to help students grapple with the fundamentals of euro currency recognition through play. In addition, this play money can be used by teachers as a learning tool during Maths classes.

In his opening speech, Jesmond Gatt, Chief Officer for Banking Operations at the Central Bank of Malta, stated: “The Central Bank of Malta is very conscious of the important role that cash plays in society. People need to have confidence in it and that can only come from understanding the carefully designed security features, and the complex procedures at the Bank to make it available to all in an efficient and inclusive way. We are very happy to help the Education Department’s efforts to promote this to the younger generation.”

Director General Curriculum and Lifelong Learning Stephen Cachia thanked the Central Bank of Malta for the initiative and added: “The resource increases the relevance of education as it promotes a holistic approach to learning. The leaflet particularly facilitates migrant learners’ familiarisation with the euro currency.”

The leaflet was launched on February 18 at the Migrant Learners’ Unit’s Maria Regina College Induction Hub at Naxxar and will eventually be distributed in a phased manner in all schools in Malta.

Copies can also be requested online via the Bank's website and www.maltacoincentre.com.

Euro leaflet

Euro leaflet

Euro leaflet

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