₦airaland Forum

d142475:
Buhari printed money indiscriminately. Now, look where we are. Printing money will wreck the economy. If they print money indiscriminately, you’d need a wheelbarrow load of money to buy a loaf of bread. Inflation will go through the roof.
The only country that can remotely get away with that is the US, only because the dollar is the reserve currency of the world. They can print and ship out to other countries without it having much impact on the US inflation rate

me i never see the wheelbarrow load of money push self....make i first see am push then we go knw what next.....nawa o

Exousiang01:
Money is not the paper you hold in your hand.

The bulk of the money around the globe is not in cash. Only 8% of the money is in cash, that means the remaining 92% is not not cash.

So you think Damgotes $23billion is sitting in one bank account somewhere?

Or you think Elon Musk has his billions kept in one bank...

PS: It cost more money to mint money, so minting money is actually not ideal

Thats not the question. The question is about printing liquid cash not asset. Go to google and check why countries dont just print money anyhow

LaIabobo:
Yes because it is a global currency so there is huge demand for it. Also people over the world still trust the USD.
However they cannot keep printing endlessly as it'll also affect its own economy. So these days, the reserve bank just create digital dollars and credit bank accounts of creditors.

Yes, you are right but the digital dollars are digital cash (parts of the money supply).So, it is still the same thing.

Psychological improvement

Betgold84:
Waiting for the sabi people to come explain this.

Go to school u refused

Exousiang01:
I am not responsible for you IQ

Savage, got me cracking

Exousiang01:
Money is not the paper you hold in your hand.

The bulk of the money around the globe is not in cash. Only 8% of the money is in cash, that means the remaining 92% is not not cash.

So you think Damgotes $23billion is sitting in one bank account somewhere?

Or you think Elon Musk has his billions kept in one bank...

PS: It cost more money to mint money, so minting money is actually not ideal


I stated there in my comment that it actually costs more to print money.
In 2021 Nigeria spent 6billion to print 2.5billiin notes.
I am not responsible for you IQ

and you believed Nigeria of all country is saying the truth?

Sapeleboy911:
Do you want to buy a loaf of bread for 50k? Or buy 1bag of pure water for 5k? When a country prints money carelessly there is bound to be hyperinflation, which will erode the value of the piece of paper called money. It can make it worthless just like a 2A exercise book to an SS3 student. Even with the borrowings and not printing carelessly think about what 1k could buy you in 2005 vs 2025, now imagine if Nigeria was printing money carelessly. Gold is valuable not because God throws just I bar of gold from heaven daily, it is valuable because it is scarce as such the demand is higher than the supply not the other way round. E be like you skip your SS1 commerce class oh lol.

it will get there soon without printing the f.. cking money

Buhari printed more money tho

Dannydrums889:
Why do countries borrow money when they can just print them? 🤔

Bankers and Accountants, Please explain 😢

Ask Emefiele

Dannydrums889:
Why do countries borrow money when they can just print them? 🤔

Bankers and Accountants, Please explain 😢

In short: Printing money creates inflation and destroys trust in the currency. Borrowing, on the other hand, allows countries to raise funds responsibly, maintain stability, and attract investment. ....

Dannydrums889:
Why do countries borrow money when they can just print them? 🤔

Bankers and Accountants, Please explain 😢

In short: Printing money creates inflation and destroys trust in the currency. Borrowing, on the other hand, allows countries to raise funds responsibly, maintain stability, and attract investment.

Money is just a medium of exchange, a means of exchange for value and not value in itself.

Printing of more money than necessary will mess up the whole macro economic system.

Nice topic anyways!!

Dannydrums889:
Why do countries borrow money when they can just print them? 🤔

Bankers and Accountants, Please explain 😢

Zimbabwe will tell you

Dannydrums889:
Why do countries borrow money when they can just print them? 🤔

Bankers and Accountants, Please explain 😢

It costs More Money to Print Monies
Such as Cost of Ink, Paper, Printing Machine, Staffs, Etc.
while It Costs Little Money(Interests Rate) to Borrow Money ....

Dazzay:
But your god Tinubu advised the failed late Buhari to print more money to curb inflation when the failed Buhari was in power.

When you talk to a person condescendingly like this, what's your aim; to win them over or further alienate them?