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Politics › Re: Should CBN Print More Money To Aid Our Dwindling Economy? by namedoam: 8:05pm On Oct 31, 2015

Yanks101:
dollar is the currency for international transactions.
The US can afford to print more, Nigeria can't.

I guess Japanese Yen is also the world currency.

Politics › Re: Should CBN Print More Money To Aid Our Dwindling Economy? by namedoam: 7:01pm On Oct 31, 2015

NaijaTalkTown:
Actually, America is in a $16trillion debt and the only way it has been coping since 2013 is by printing more dollars. Stop forming to be an analyst when you are not.

You are absolutely correct.

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Politics › Re: Should CBN Print More Money To Aid Our Dwindling Economy? by namedoam: 6:48pm On Oct 31, 2015

scofieldsimba:
I just want to know if it is right for our Central bank to print more monies in order to heal our wounded economy..

We are deficit infrastructural. I think it won't be a bad idea if there is a special fund created by CBN to build roads,improve power, improve health care, and create more industries..

I heard most countries at some point in time had to resort to this....

Seasoned economics in the House, I need your contributions..

OP, the link below should help answer your questions.

http://www.economist.com/blogs/economist-explains/2015/03/economist-explains-5

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