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Why Are Some Countries Poor When Their Central Bank Can Print Money? - Nairaland / General - Nairaland

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Why Are Some Countries Poor When Their Central Bank Can Print Money? by Tinkulala: 7:36am On Jun 30, 2020
In 2008,the then President of Zimbabwe decided to print money as a solution to his countries economic and financial woes.

He was ill advised by his economic team. So he instructed the Central Bank Governor to print money and flood the country with excessive cash.

Here is what happened afterwards:��


https://www.youtube.com/watch?v=RnVQXWxKE8s
Re: Why Are Some Countries Poor When Their Central Bank Can Print Money? by Khayceeofficial(m): 8:10am On Jun 30, 2020
I really would like to know why the system is like this...Abeg,any economist come explain for us bikonu


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Re: Why Are Some Countries Poor When Their Central Bank Can Print Money? by gentlesinna(m): 8:18am On Jun 30, 2020
A country can't just print money bcs there are rules in printing money.....when there are too much money in circulation,the value for the money will drop and inflation will take place, unfavorable balance of payment will occure.

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