Whether it is a public vehicle or dealing in a haat market, the answer 'no retail' has now become common. Consumers stopped asking for refunds of one and two rupees. Nepal Rastra Bank, which is responsible for printing currency, has stopped issuing one and two rupee notes from 2059. Even though a limited amount of coins are issued, coins are not able to meet the retail shortage due to unreasonable reasons such as insufficient availability, difficulty in carrying, high probability of loss.

How much do you care, now when the price of an item goes up, it goes up by at least five rupees. That is, from one to four rupees is missing from our account. This means that consumers are being cheated under the pretext of not having retail up to Rs.1,2,3 and four. Now it seems that this 'fraud' has become legal. A person may not experience much of it but the amount is in crores daily.

The lack of small notes is having an alarming effect on the rate of price change. A price of Rs 10 for an item that used to cost Rs 5 is a 100% markup. The price of tea which costs Rs 15 is suddenly Rs 20, which means a 33 percent price increase. Similarly, this increase in prices is having an unknowing effect on daily consumables including vegetables.

This kind of impact on the price of small but essential commodities like car rental, tea, sugar, milk etc. is directly affecting the common people and the economy. is driving up inflation. Economists claim that the printing of one and two rupee notes will help control the price rise. But there is no serious debate about this.

government support 

The Ministry of Transportation of the Bagmati Province Government has set the minimum fare for public vehicles in Kathmandu Valley, 19 rupees. But passengers have been paying 20 rupees. Even though 45 percent discount should be given to the students, they have been paying 15 rupees. Similarly, the fares set by the government are 23, 33 and 38. This is the justification for charging more money under the pretense that it is not retail.

According to a report made by Kantipur TV some time ago, 1.5 million people travel on public transport in Kathmandu every day. A passenger has to pay a minimum of Rs 1 to a maximum of Rs 6. That amount is doubled for two-way traffic. If two or more cars are to be boarded, the amount will increase accordingly. Looting by charging more than the specified rent has become a different matter. In a country that does not print retail notes, it would be a little relief if the government, which sets such fares, implements a fare card system in public transport. However, this work has not been prioritized.

Most places don't talk about retail. There is a custom of giving chocolates or sweets because there is no retail. Economists have been saying from time to time that its effect is also on the increase in the import of chocolate and chewing gum. When the practice of giving Hals chocolate worth one rupee increased because there is no retail, it was even ridiculed by some people as 'Hals Economy'. 

Rastra Bank's argument

In order to stop the daily fraud of crores of rupees in public transport and market shops, the Rastra Bank should issue one and two rupee notes in bulk and send them to the market. However, on the contrary, Rashtra Bank, which is responsible for issuing currency, has banned the issuance of notes of these rates saying that the cost is high and that no goods worth one or two rupees will come. It is in the records of Nepal Rastra Bank that the cost of printing one and two rupee coins is 2 rupees 40 paise and 2 rupees 73 paise respectively and the printing cost of five rupee notes is 1 rupee 68 paisa per note. 

The Cabinet meeting held on August 29, 2077 decided to allow Rashtra Bank to print one and two rupee notes with the map of Nepal, the then government spokesperson Pradeep Gyawali informed. But the National Bank has not implemented it. If it is also the responsibility of the National Bank to control inflation and support the economy, how much weight will the argument that 'it has become expensive' hold? Such a serious issue is definitely not comparable to the issue of loss of a few crores.  Why

notes?

Even though Rashtra Bank has decided that retail notes are expensive, there is no option to print only one and two rupee notes. Coins that are not sufficiently minted are very difficult to carry. Instead of this hassle, the consumer has the experience of killing love for just one or two rupees. Retail accounts are lost due to lack of retail notes. Retail supply is unlikely to ease until

notes are printed. Digital bank can also reduce this process but it is not possible to stop it. If it is a retail note, it will revive the account below five rupees which is now lost. Import and consumption of chocolate and chewing gum will decrease.

Ex-Finance Minister Surendra Pandey and others have been arguing from time to time that 'Let's not print 500 and 1000 notes to control corruption'. But it is not heard that we should print small rate notes. Are the eyes narrowed down on small things or is it wholesale mercury who thinks that corruption is only for big people? We will discuss whether to print/not print large notes, but immediately we will print notes of one and two rupees. Preventing inflation and maintaining economic discipline is one of the main responsibilities of the National Bank, so this work should be given priority.