When there was no currency in earlier times, people used to exchange things. Like if someone has rice and someone has milk then Rice gave rice to milker and used to take milk in return.But when the currency became, then a value was created which people believe in the world like ₹ in India.And if Govormant wants, unlimited currency can print but why not print it.
So this happened in Zimbabwe in 2001 one. When the President of Zimbabwe felt that his country is poor, he made a machine and printed his own currency and distributed it among the people. Then after that the notes were made to the people.And then they had to buy a bread pack, so that they would have to take notes of potsAnd then they had to buy a bread pack, so that they would have to take notes of pots for it. After that, the meaning of that country got worse. And then they had to declare all the currency illegal. And then they legalize the currency of the outside, so that people can buy some things
And India or any other country does not print therefore unlimited currency.Because if everyone has money, then no one will do any work and supply of goods will be done and its price will increase automatically.
So all the countries print the currency according to how much the goods were manufac- ture in a year, so that the meaning of the country should be maintained.
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Nice post bro, keep your hard work.
thanks you
Zimbawe acted as a fool here
And American dollar became their currency .
As it was the only way for the goverment
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Nice post bhai keep support
For printing unlimited currency we also need unlimited amanaties, services and good other wise our economy will fell down, and unwanted curmtanses will come in the society
When rbi agree with crypto than must be it will be grow.follow me
Upvoted u ! Keep gng
thank you
@sameerr nice post. Keep up the good work.
thank you
@sameerr exchanging of commodity( products) without use of money is known as barter system am i write?
right bro
Right question bro beacause i am also searching that the question now today i got my answer thanx bro
Keep going bro and upvote .
thanks
Exchnge by currency is good system
Rbi wants to gaining the online transation
The way of exchange or the way of transaction always changing in future we see hard cash eliminate from system and all people are using softcash like cryptocurrencies