World Savings Day with Her Majesty the Gyalyum Sangay Choden Wangchuck.

Yesterday at the Royal Textile Academy, Her Majesty the Queen Mother, Gyalyum Sangay Choden Wangchuck, attended the World Savings Day event. Speaker of the National Assembly Wangchuk Namgyel, Chairman of the National Council Tashi Dorji, Finance Minister Namgay Tshering, Human Settlements Minister Dorji Tshering, representatives from several agencies, and students from Thimphu schools all attended the ceremony.

The purpose of the day is to increase public awareness of the value of financial literacy and saving. Every year on October 31st, RENEW Microfinance Private Limited celebrates this day by organizing a variety of events and activities all around the country.

"Saving prepares you for the future" was the slogan for this year's saving day. With the theme "The Importance of Saving," RENEW Microfinance hosted a number of activities, including poetry recitation and storytelling competitions.

"The day was observed to inform people all over the world about the concept of saving money," said the executive secretary of RENEW Microfinance. Her Majesty presented prizes to the winners of piggy banking competitions held among students at Jigme Losel Primary School and Dechencholing Higher Secondary School.