Why Must Our Gov'ment Borrow From Other Countries? Why Nt Print D Amount Needed? - Nairaland / General - Nairaland
Nairaland Forum / Nairaland / General / Why Must Our Gov'ment Borrow From Other Countries? Why Nt Print D Amount Needed? (709 Views)
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| Why Must Our Gov'ment Borrow From Other Countries? Why Nt Print D Amount Needed? by Laitesmart(m): 12:14pm On Jun 19, 2012 |
A Colleague of mine asked me this question and i want intellects to answer since i can't find a elucidating answer to it. The Question: SINCE WE PRINT MONEY IN NIGERIA.. WHY DO THE GOVERNMENT HAVE TO BORROW FROM OTHER FOREIGN COUNTRIES AGAIN? WHY CAN'T THE GOVERNMENT JUST PRINT THE AMOUNT NEEDED? |
| Re: Why Must Our Gov'ment Borrow From Other Countries? Why Nt Print D Amount Needed? by blank(f): 1:41pm On Jun 20, 2012 |
Do you know the meaning of money? Do you know the meaning of inflation? Do a google search of the 2 terms above and you will have your answer. Use Italy as a case study. |
| Re: Why Must Our Gov'ment Borrow From Other Countries? Why Nt Print D Amount Needed? by SAFO(m): 10:20pm On Jun 21, 2012 |
Laitesmart: A Colleague of mine asked me this question and i want intellects to answer since i can't find a elucidating answer to it. Because the Naira would become more worthless than it already is. |
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