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‡Money as a means of payment, consists of coins, paper
money and withdrawable bank deposits. Today, credit
cards and electronic cash form an important component
of the payment system.
‡Reserve Bank of India (RBI) manages currency in India.
‡Reserve Bank has authorized selected branches of
banks to establish R RR
‡Reserve Bank 
   for notes on the
basis of the growth rate of the economy.
Reasons for not printing excess
Money͙
‡Currency would just lose value, it would become
completely worthless.
‡The same happened in Germany in the Weimar
Republic, just prior to the rise of Nazism. People would
have to use a wheelbarrow full of bills just to buy bread.
‡It's not sufficient to print your own currency, also you
have to have investment sector of economy to make
your money work and make new goods and services.
‡If you don't have your own developed investment
sector of economy, you'll have to buy investment and
other goods abroad and pay dollars for that
Reasons for not printing excess
Money͙Contd
‡ The currency is a promissory note that the government
has the bullion to back it up. Silver, gold, platinum
whatever. Unless the nation has a reserve banked to
validate the bank notes ( that is what they have printed )
then it comes to fraud, which will eventually lead to the
governments downfall.
so it doesn't matter how much money you print.

So that is probably the reason India can't print any more


money. They've not enough to back it up in their
reserves.
jimbabwe hyperinflation
‡ jimbabwe's introduction of high denomination notes is a
sign of hyperinflation, and is currently exceeding 160,000
percent a year.
‡ One US dollar can buy 4 million jimbabwe dollars as per
unofficial street rate.
‡ 1 INR = 437,177,748.86 jWD
‡ The highest denomination is now 50 billion jimbabwean
dollars (worth a U.S. dollar on the street) , all now
practically worthless.
‡ There is a severe shortage of basic essentials - including
wheat and bread, sugar, milk, oil and gasoline. A single
cigarette now costs 500,000 jWD.
‡India is an up coming economic force in world trade, but
sadly India should stop making so many children.
‡The largest problem in India is ignorance or lack of
education towards personal responsibility.
‡The more people having more money, the money will
lose its value.
‡In such a case ͚Who cares if your a billionaire?͛ Because
every person is a billionaire like you.

If that were to happened money will be like plain paper


worthless.

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