one country how many money can print in his country
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Central bank has not defined any set values or pattern to limit the printing amount of currency. The necessity is that it should be enough to provide services, transfer goods and also regain the value of currency. This value of currency depends on enormous factors like associated interest rate, average exports as well as current, fiscal deficit and many more.
Usually, Central Bank prints approx. 2–3% of the total Gross Domestic Production. This percentage depends on a country’s economy and may vary accordingly. Developing countries print more than 2–3% of total GDP. Circulation of money also depends up on the amount of black money and in turn affects money availability in legit channel.
Hope this will help u
Usually, Central Bank prints approx. 2–3% of the total Gross Domestic Production. This percentage depends on a country’s economy and may vary accordingly. Developing countries print more than 2–3% of total GDP. Circulation of money also depends up on the amount of black money and in turn affects money availability in legit channel.
Hope this will help u
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