Using a Money Museum as a Tool for Economic

EducationBy Kelvin Kizito Kiyingi

Assistant Director, Communications Department

IntroductionMABJ, Reuters Fellow

City University of New York

Post Bank, Communication Manager

U.S. Embassy Kampala, Information Assistant

Bank of Uganda, Assistant Director, Communications

Department

Outline Background

Structure and Management

Role of the Museum

Activities

Challenges

Way Forward

BackgroundIt helps central bank relate closely with the public.

The C. N Kikonyogo Money Museum of Bank of Uganda was officially opened on 15th August 2006 during celebrations to mark 40 years of the bank.

Though relatively young, the C.N Money Museum has been able launch a few programs aimed at the Educating the public about the Central Bank of Uganda .

Role of Museum To preserve the history of Bank of Uganda as a monetary institution. A Museum is the best way an organization can keep its history alive.

To preserve and display currency as a national heritage

To Educate the public on the roles of Bank of Uganda

Museums are centers of Education.

The Educational role of Museums is at the core of their services to the public.

It is possible to use the Museum as a tool for monetary policy dissemination and financial literacy.

Structure & Management Communications Department of Bank of Uganda

Under the Information Resource Division

A Section within the Division

Three Units: History of Money, history of

BoU; Roles and functions of BoUS

Activities of the Museum

The Money Museum reaches out to the Public and Bank of Uganda Staff through a number of programs.

Exhibitions

Free access for the public to visit the Bank Museum and view artifacts

School Visits – seminars/workshops. Outreach programs

Hosting Schools - seminars/workshops.

Universities & Other tertiary institutions - seminars/workshops.

Programs for members of staff

Activities of the Museum cont’d…

Presentations to school groups.

Role of Bank of Uganda

Monetary Policy

Basics of Financial Literacy

Saving

Investment

Entrepreneurship

Activities of the Museum cont’d…

Currency Features

Institutions

Business

Community

Schools

Banks

Activities of the Museum cont’d…

Out reach programs to schools

We have hosted scholars studying Uganda’s Numismatic heritage.

The Museum has partnered with the Bank’s Research Department to come up with simple ways of explaining monetary policy to the Public.

We record questions from the Public and where possible answer them.

The Museum shows documentaries about the Bank to the Public

 

Activities of the Museum

Bank staff

Staff are encouraged to visit the Museum at all times.

The Museum runs a monthly newsletter to inform staff about its activities.

We have also started a staff family program during the holidays.

Activities of the Museum

Space.

Lack of access

Financial

Lack of awareness

Inadequate Skills

 

Challenges

Monetary Policy Forums.

Museum Policy

Changing the Location

Acquiring more space

Making Museum activities part of Financial Literacy

Acquiring skills through attachments

 

Way Forward

Introducing Monetary Policy Forums

Acquiring Skills through attachments

Museum Policy Revamping the website

section Creating a virtual museum

linking it to the website 

Way Forward Following The Deutch Bundesbank Model

Questions

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