Her Majesty Queen Máxima of the Netherlands held a speech at the visitor centre of the Dutch Bank in Amsterdam on Thursday morning for Global Money Week.
The international event is aimed at children between the ages of 10 and 16 and was being organised by the Child & Youth Finance International (CYFI) in cooperation with Wijzer in Geldzaken (Smarter with Money) and Alfatoun International.
“Knowing how to handle money is important for everyone. Will you buy those nice pants from an expensive brand or will you buy two of a cheaper brand? Will you spend your money on snacks or will you take your lunch from home to save money?” Queen Máxima said during the speech. She believes it is quite difficult for children to handle money well in a “world full of advertising and online shops.”
During Global Money Week, schools in the Netherlands and many other countries spend extra time on how teaching children how to be smarter with their money. This year’s theme is “learn-save-earn.” During the event at the Dutch Bank, a group of 80 children will talk with one another about the point of saving up for their future. They will join a workshop called “Trip Around the World”, where they can share their experiences with handling money with children all over the world in video messages.
Queen Máxima was present for one of the workshops and received the “Safer Payment Procedures for Minors – guiding minors towards financial autonomy – document” from the CYFI in cooperation with Mastercard and other partners. It is a set of guidelines to ensure the safety of particular means of payment for young people. Queen Máxima is the honorary president of the Smarter with Money platform. She is also the patron of the Global Partnership for Financial Inclusion van de G20 (GPFI) and special advisor to the Secretary-General of the United Nations for inclusive financing for development (UNSGSA).