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Nairaland Forum / Nairaland / General / Romance / Why It's Not Sensible To Print More Currency Notes To End Poverty (2173 Views)
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Re: Why It's Not Sensible To Print More Currency Notes To End Poverty by Nobody: 2:27pm On Jul 23, 2020 |
Trex4:ok |
Re: Why It's Not Sensible To Print More Currency Notes To End Poverty by Adasun(m): 2:50pm On Jul 23, 2020 |
narit:thank you for your time |
Re: Why It's Not Sensible To Print More Currency Notes To End Poverty by narit: 4:08pm On Jul 23, 2020 |
Shanklee:Shedding more light on what trex4 wrote, the USA are able to print more currency than any other countries because their money the US dollar made up the Highest percentage of the money in the world reserve market. The US dollar has 55% in the world reserve market followed by the British pound 35% followed by Japanese yen 15% and the Chinese renbi 5% although Chinese currency is gradually or rapidly becoming valuable in the world markets. The USA has the privileged to print more money than any of the other country listed above, although they too can print money but only little mostly according to their dominance in the reserve market. A country that has it currency dominate the reserve market can do a lot for it citizen than any other country, when in trouble they can easily print more money to bail itself out. This privilege is far greater than having military power, that is why most countries do not want to wage war against a country that have it currency as the highest ranked in the world reserve. But this ability to easily print money comes with a price. Yes, its devalues a country currency slowly until it becomes useless and as to be replaced by another stable, economically prosperous country currency( A new world order). Devaluation as been the sole caused of a new world order since time in memorial. It is the reason worldpower shifted from the Dutch to the British and currently the United state. 1 Like |
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