felipe m medalla : moa signing with participating retailers for the coin deposit machine project closing remarks by mr felipe m medalla, governor of bangko sentral ng pilipinas ( bsp, the central bank of the philippines ), at the moa signing with participating retailers for the coin deposit machine project, manila, 16 august 2022. * * * sm retail inc. controllership and financial planning senior vice president jonathan h. ng, filinvest land inc. deputy chief finance officer janeth de los reyes, and robinsons retail holdings inc. – robinsons supermarket managing director stanley co. ; fellow bspers, partners, ladies and gentlemen, good afternoon. the phrase " barya lang po sa umaga " – suggests there's really a shortage of coins. i remember when i was growing up, as a 15 - year - old first - year student in a school nearby, i would take the bus from lipa to la salle taft, where my boarding house was nearby. i would wonder about the skill of the conductor. during those times, the buses did not have aisles ; they had continuous seats all the way to the side. in other words, one side of the bus is completely closed, and the other side is completely open. the conductor has no change. what he does is he swings from outside the bus, literally like an acrobat, moving from one side to the other, asking everybody where they're going. after having asked that, he punches all the tickets. alam niya kung ilan ang lipa, ilan ang batangas city, ilan ang malvar. fantastic memory. and then he will collect all the payments. a lot of people overpay because they don't have exact change. in the end, he will now get all the coins, and somehow, he's able to remember who to give the money back to. so, in other words, to solve the coin problem, you need a very smart bus conductor. we seem to have the same problem now : the problem of recirculating coins. when i look at this project, everyone is benefitting : us [ at the bsp ], we're going to save a lot of money on the cost of minting. let me give a small lecture on seigniorage : it's nicer to print p1000 [ banknote ] because the p6 gives you p1000. if

gent sejko : global money week 2023 in albania address by mr gent sejko, governor of the bank of albania, at the opening ceremony of the global money week 2023 in albania, tirana, 20 march 2023. * * * honourable minister of education and sports, dear chairman of the albanian association of banks, dear students and teachers, friends and banker colleagues, again this end of march, i have the pleasure to welcome you to the opening ceremony of the global money week, which from a decade now brings us together : bankers, teachers, students and pupils. alongside our efforts and work for enhancing financial literacy and inclusion of public throughout the year, the money week focuses entirely on the new generation, both in albania and globally. the oecd recommendation on financial literacy encourages governments and other policymakers " - to take measures for the development of financial literacy at an early stage " on themes and through channels adequate for the beneficiary. in compliance with this recommendation, the objective of money week, coordinated by the oecd - infe1, is to encourage children, to actively think since an early age, about money and finances, and gradually acquire the necessary knowledge, skills, positions and behaviours to take sound financial decisions which lead to the final goal : the welfare and financial sustainability. i am proud to say that money week is already globally known, particularly to young people. since its first edition in 2012, it has been involving an increasing number of central and local organisations, across more than 175 countries. in our country, the bank of albania, in collaboration with the albanian association of banks and with the precious support of the ministry of education and sports and other partners, has for many years organised educational and awareness - raising activities tailored for pre - university and university students. in this week, our goals, more than ever, converge with those of educational institutions and civil organisation, to enhance financial knowledge and awareness of the young generation to become financially responsible citizens in the future. " plan your money, plant your future " is the official theme of global money week 2023. this motto once more weighs the importance of a prudential approach towards money, to ensure the future well - being, by having the adequate knowledge on an increasingly innovative financial market. together with our partners, we have prepared a calendar of various educational and entertaining activities related to this theme, to teach children and young people how to generate profits from entrepreneurship, how to save and take care