how much does the Reserve bank of india print the currency?
hai i have one doubt.. the currency (notes) which we use are printed by RBI, means India,... how much they print the notes, do they have any guidlines for printing the notes, because i always think if the government can print the notes, and circulate it throughout india, why does government say that it does have enough money,,, they can print and given it to the poor people is it, then why they are not doing that, my questions seems stupid i know, but i want to know what is the reason for it. pls answer it
Public Comments
- yes my dear its indian politician who decide after we elect them. think of these people who always sorounded by rumors you know just think how they are printing and DESTROYING MONEY TOO
- By printing money the government will be making more money available which will devalue the money. The more of something there is the less it is worth. So yes the government could print Billions of "dollars" and inject them into the economy but that would destroy the economy because then none of the money would be worth much. It's called inflation.
- In broad terms any country can print currency upto the amount of assets it have For Example if a country has 100 Kg gold = Rs. 10 crore Land = 3 crore Building & Machine = 5 crore Cash = 1 crore etc. So it can print total of 19 crores only The above are my thoughts only. Facts not guaranteed.
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