Hwaseong City Expands Regional Currency Issuance in September and October

[Suwon Ilbo=Reporter Park Chan-hyuk] Hwaseong Special City announced on the 4th that it will double the individual purchase limit for the "Hope Hwaseong Regional Currency" incentive from a maximum of 500,000 won to 1 million won per month for the two months of September and October.

The incentive will remain at 10% of the purchase amount, allowing recipients to receive 100,000 won when charging 1 million won.

Hope Hwaseong Regional Currency will be temporarily available until November 30 not only at existing affiliated merchants but also at non-affiliated merchants with annual sales of 3 billion won or less (places where the Livelihood Recovery Consumption Coupon can be used).

This expansion is a measure to align with the government's livelihood recovery initiative and promote regional economic revitalization and consumer spending. It is expected to substantially contribute to recovering consumer sentiment weakened by reduced household spending and expanding sales for small business owners and self-employed workers.

Mayor Jeong Myeong-geun said, "This expansion of regional currency issuance will provide support for citizens' economic stability ahead of the holidays and serve as an opportunity to revitalize the regional economy," adding "Going forward, we will promote consumption and revitalize local commerce through effective regional currency policies."