₦airaland Forum

CSTRR:
When they were teaching you inflation in secondary school, you were busy eyeing girls in your class.

When currency is surplus, it loses value.
When diamond is surplus, it would lose value.

The reason why your 1000 naira is valuable is because it is scarce.
When it becomes surplus in the economy, it would lose value, and you would need more of the same money to buy goods, which means an increase in price of commodities.

The only country that can print anyhow to an extent is the United States.
The US dollar is used by every country in the world for international trade, so when the US govt pumps excess Dollars into the american economy, all the excess dollars does not remain there to cause inflation.

The excess dollars flows to other countries for use in their own respective trades and so the price stability in commodities in the US is maintained.

Idamond:
I for like ask u one question but naturally you're rude.

amrichy:
try to explain clearly and logically how printing more money will result in a rapid decline in the value of the currency.
if the government prints 5 trillion naira for instance and spend this money on infrastructure, agriculture, education and job creation, how will this cause the value of our currency to drop?

Petersamuel8:
if government borrows 5 trillion naira it will be added to the total amount in circulation, an increase in aggregate supply without a corresponding increase in total output is dangerous to any economy. now take for instance government spends the 5 trillion on infrastructure and creating jobs, it simply means people will have more money to spend on the goods that are few(remember total output is stagnant) this will lead to inflation (increase in the general price level)

Samsung004:
Up till when Gadaffi was killed, he proved economics wrong. He didn't borrow to run his country while he was in power. The country was one of the best countries in the world with good living standard and low literacy level.

You can do a little research before quoting me, please.

If Nigeria should start to mint her money today it will need good governance to back it up. If not na o.y.o case.

Lie economics.

Who created economics? Man, so you should know that it's based on perception and personal reasoning.

50% economic might be right the other 50% is for .......

Idk...

gaddafe:
I won't be surprised if the OP is one of those who kept shouting "Economics is a useless subject" while in school. Today who is now useless?

CSTRR:
When they were teaching you inflation in secondary school, you were busy eyeing girls in your class.

When currency is surplus, it loses value.
When diamond is surplus, it would lose value.

The reason why your 1000 naira is valuable is because it is scarce.
When it becomes surplus in the economy, it would lose value, and you would need more of the same money to buy goods, which means an increase in price of commodities.

The only country that can print anyhow to an extent is the United States.
The US dollar is used by every country in the world for international trade, so when the US govt pumps excess Dollars into the american economy...

.

habsydiamond:
It doesn't work that way mehn....it's not about printing money... It's about whats going on with the economy... Value have a major role to play here. If ur economy is flamboyant enough I don't think there will be need to borrow money from other countries. The problem lies with those at the top of affairs in this country.. When they keep stealing funds and saving these funds aboard, developing other countries instead of ours... That s one of the reason why we are still where we are since the 60s... If e shock u sorry oo

amrichy:
Upon all your analysis you didn't really answer the question the OP asked. Let me paraphrase the question for you:
If nigeria needs some money, why not print that money instead of going to china to borrow it (since either way more money will be pumped into the economy)?

gaddafe:
I won't be surprised if the OP is one of those who kept shouting "Economics is a useless subject" while in school. Today who is now useless?

ALLNIGERIANSMAD:
curency printing are regulated, excess printing can results to inflation. That's all

oz4real83:
not equal but a balance. The quantity of salt u put in your food is not equal to the quantity of food. A little salt can balance the quantity of food even though both quantities are not equal.

ALLNIGERIANSMAD:
you can't comprehend simple stuff, inflation simple! Until they cut your head open before you understand

Idamond:
Why does a country who prints her own money still borrows from other countries. economists in the house please help.?

MALIGNANTGuest:
Do you think MONEY is synonymous with TOILET PAPERS.... or what?
Even Toilet papers are not made for Free.
Do u know how much it costs to print just a #100 Bill?
To print a 32page Nigerian Passport costs between 50-100US dollars.
U can verify.
Most things we receive from International communities are subsidized, since we produce NOTHING. I mean NOTHING apart from crude oil and YAMS.
In Fact, EDUCATION in Nigeria is Free.

PLEASE, it costs MONEY to print MONEY.
Materials are involved.
Machines are involved.
Manpower is involved.
Expertise is involved.
Power is involved.

Idamond:
these things u listed here, Nigeria have it they print money without spending a dam

MALIGNANTGuest:
Does Nigeria prints its MONEY now?
Because I have always known that we print Passports and Legal Tenders in Switzerland.
Educate me, Please.

MALIGNANTGuest:
Do you think MONEY is synonymous with TOILET PAPERS.... or what?
Even Toilet papers are not made for Free.
Do u know how much it costs to print just a #100 Bill?
To print a 32page Nigerian Passport costs between 50-100US dollars.
U can verify.
Most things we receive from International communities are subsidized, since we produce NOTHING. I mean NOTHING apart from crude oil and YAMS.
In Fact, EDUCATION & HEALTH in Nigeria are Free.
To extract a Tooth in the US costs 1k dollars.
Meanwhile same procedure costs 7k in Naija using the same Machine.
Although it would have been far better if our politicians derive services from same Education & Hospitals.

PLEASE, it costs MONEY to print MONEY.
Materials are involved.
Machines are involved.
Manpower is involved.
Expertise is involved.
Power is involved.

amrichy:
Upon all your analysis you didn't really answer the question the OP asked. Let me paraphrase the question for you:
If nigeria needs some money, why not print that money instead of going to china to borrow it (since either way more money will be pumped into the economy)?

CSTRR:
Read what I wrote again.

Nigeria already print money.
But Printing the kind of money you would need to replace Chinese loans would be too excess on the economy.

Inflation.

Kriss216:
So, we need to borrow 1 trillion Chinese yuan in order to print how much

Ogbomoso economist!

Samsung004:
Up till when Gadaffi was killed, he proved economics wrong. He didn't borrow to run his country while he was in power. The country was one of the best countries in the world with good living standard and low literacy level.

You can do a little research before quoting me, please.

If Nigeria should start to mint her money today it will need good governance to back it up. If not na o.y.o case.

Lie economics.

Who created economics? Man, so you should know that it's based on perception and personal reasoning.

50% economic might be right the other 50% is for .......

Idk...

amrichy:
does it cost 1000 naira to print a single 1000 naira note?
i don't think the cost of printing is the problem.

MALIGNANTGuest:
Do you think MONEY is synonymous with TOILET PAPERS.... or what?
Even Toilet papers are not made for Free.
Do u know how much it costs to print just a #100 Bill?
To print a 32page Nigerian Passport costs between 50-100US dollars.
U can verify.
Most things we receive from International communities are subsidized, since we produce NOTHING. I mean NOTHING apart from crude oil and YAMS.
In Fact, EDUCATION & HEALTH in Nigeria are Free.
To extract a Tooth in the US costs 1k dollars.
Meanwhile same procedure costs 7k in Naija using the same Machine.
Although it would have been far better if our politicians derive services from same Education & Hospitals.

PLEASE, it costs MONEY to print MONEY.
Materials are involved.
Machines are involved.
Manpower is involved.
Expertise is involved.
Power is involved.