So far, there have been over €310,000 worth of Monaghan Town Vouchers sold.
The scheme is proving successful with over 126 businesses now on board and promoting the voucher for Christmas.
Money spent in the local area brings an additional economic benefit, – as the local multiplier effect is three to four times the amount of money spent locally.
That means that the current sale will equate to approximately €1m-€1.2m net benefit to the local economy.
Local Fine Gael councillor David Maxwell says that the success of the scheme will boost Monaghan businesses, especially around the festive period.