Bangkok: Banks have tens of billions of baht in cash reserves. Receive a boost in spending during the Chinese New Year festival Including buying things to pay homage to, shopping for gifts, putting them in red envelopes. Sending happiness to the Chinese New Year of the Golden Dragon Bank of Thailand (BoT) informed that We have prepared to reserve banknotes of various denominations to adequately support demand in February 2024, which is the Chinese New Year festival. that people will have higher demand for banknotes than usual It is estimated that commercial banks will disburse banknotes from the BoT during the two weeks before the Chinese New Year festival with a net value of approximately 29,000 million baht, considering economic factors. Related government measures and trends in payments through various channels Krungsri (Bank of Ayudhya Public Company Limited) is preparing to reserve cash to support the withdrawal of money by customers and the general public through Krungsri ATMs and bank branches nation wide during the Chinese New Year Festival 2024 between 5 - 11 February 2024 ( for 7 days) totaling 10,254 million baht, divided into cash reserves for services through Krungsri ATMs in the amount of 6,207 million baht and through bank branches in the amount of 4,047 million baht. Bangkok Bank announced that it has allocated 40,000 million baht in cash reserves to serve customers during the Chinese New Year festival through bank branches. and more than 8,000 ATMs nationwide With a plan to take care of adding cash to ATMs especially frequently Support the increasing demand for cash. Both buying things to pay homage to Put in red envelopes and distribute them to Taeia. According to the tradition of blessings during the Chinese New Year festival Walking to ask for blessings from the gods However, the bank is preparing to increase the frequency of top-up at Bualuang ATMs as a special case. So that bank customers can be confident that they will be able to withdraw cash to use thoroughly and adequately. For buying gifts for family members to bring good fortune during the start of the new year. It is also in the process of measures to stimulate purchasing power of the government through the Easy E-Receipt project, which is believed to help stimulate the spending atmosphere during the Chinese New Year festival this year to be even more lively. and has a positive impact on the economy as a whole in another way Kasikorn Bank side Prepare cash reserves for service in branches and ATM machines. To support spending during the Chinese New Year festival, 27,200 million baht is divided into cash reserves through branches in the amount of 9,200 million baht, of which 3,900 million baht is reserved for branches in Bangkok and 5,300 million baht for branches in regional areas. Currently, Kasikorn Bank There are 813 branches nationwide. The bank also joined in celebrating the Chinese New Year, Year of the Dragon, by creating 'Prosperity, Prosperity, Prosperity' red envelopes in the shape of a dragon and money. It represents wealth . endlessly rich According to Chinese beliefs Produced from environmentally friendly green offset paper, 2,500,000 envelopes will be given to customers for use in banknotes distributed during the Chinese New Year festival. Can be received at all Kasikorn Bank branches nationwide. From today onwards Source: Thai News Agency