₦airaland Forum

gebest:
op op well dat can be done if we have everything in our disposal, in otherwords exportation alone no more importation, the planes, the cupters, cars, ship, weapons, all the merchines, engines, electronics, generators etc will b produced here in nigeria, then that can be done.

herbie27:
There is always a limit to the amount of money a country can print....else the volume of money in circulation will be too much.

PentiumPro:
You write very good English but yet very deficient in basic economics

Samguine:
His deficiency in Economics made him ask that question. Why not answer him instead of pointing out his deficiencies?

fiizznation:
The simple answer is inflation. The currency notes that we use don't have any intrinsic value, rather the have exchange value. Which means 50naira doesn't mean its value is 50naira but you can exchange it for goods and services. A country like Zimbabwe couldn't understand this simple economics and they went ahead to produce more and more currencies, at the end what still happened? Well even a pen ended up costing thousands of Zimbabwe dollars and a bread was sold for as high as $2million{Zimbabwe dollars}. Their inflation rate rise to about 80 billion percent. Funny.

And everybody in Zimbabwe instantly became a billionaire{ poor billionaires}

Georgry:
Hello Nairalanders....

Knowing fully that a country have the right to print money as much as they desire,and their is no limit to the quantity of money a country can print, this question comes to my mind:

Why can't a country just keep printing money to the stage that it will be enough for every body in the country to be rich...


Economist in the house your explanation is needed here.....

Empero1:
Yes, inflation will arise when a country prints its currency in excess. However,

PentiumPro:
The paper we call money is just mere paper uses to exchange for good and services. It suppose to represent basically your own contribution to the wealth of the country.
Printing paper money without corresponding wealth increase is courting disaster, inflation and exchage rate against major world currencies will go through the roof.

Hisduchess:
lol.no mind d angry part nah typo error.buh don't they have an exchange rate?

Georgry:
Hello Nairalanders....

Knowing fully that a country have the right to print money as much as they desire,and their is no limit to the quantity of money a country can print, this question comes to my mind:

Why can't a country just keep printing money to the stage that it will be enough for every body in the country to be rich...


Economist in the house your explanation is needed here.....

Dnuel:
You have to take course in Economics to know why.

Davinex:
Inflation will be on the rise and the currency will lose it value.

PentiumPro:
You write very good English but yet very deficient in basic economics

chiefolododo:
Eyah, it will get to a point where the money you printed will not be enough to buy material to print money again. This is called INFLATION

Metallurgist:
one of the characteristics of money is SCARCITY, both air and water are the most important things to a human but being found abundantly in nature reduces their value, this simple analogy suffices to show you that the more available money became the less valuable it is.

Harmored:
What's wrong if its too muchmuch

nobullshit:
My brother, the current president of Zimbabwe have already tried it , he even had 1Trn. Zim. dollar in circulation and that never helped things out instead, it pushed Zimbabwe into more economic trouble than they used to be in. Forgive anyone who calls you name over your asking this question, we blacks are behaviorally versatile.

fiizznation:
The simple answer is inflation. The currency notes that we use don't have any intrinsic value, rather the have exchange value. Which means 50naira doesn't mean its value is 50naira but you can exchange it for goods and services. A country like Zimbabwe couldn't understand this simple economics and they went ahead to produce more and more currencies, at the end what still happened? Well even a pen ended up costing thousands of Zimbabwe dollars and a bread was sold for as high as $2million{Zimbabwe dollars}. Their inflation rate rise to about 80 billion percent. Funny.

And everybody in Zimbabwe instantly became a billionaire{ poor billionaires}

Trendy247:
I will like to work in d printing room for just 1 week without pay

fiizznation:
The simple answer is inflation. The currency notes that we use don't have any intrinsic value, rather the have exchange value. Which means 50naira doesn't mean its value is 50naira but you can exchange it for goods and services. A country like Zimbabwe couldn't understand this simple economics and they went ahead to produce more and more currencies, at the end what still happened? Well even a pen ended up costing thousands of Zimbabwe dollars and a bread was sold for as high as $2million{Zimbabwe dollars}. Their inflation rate rise to about 80 billion percent. Funny.

And everybody in Zimbabwe instantly became a billionaire{ poor billionaires}