Where Does A Country Keep Its Money

Concern Standard

Explained: Why poorer nations can't only impress more coin and become rich

When Zimbabwe was hit by hyperinflation, in 2008, prices rose as much equally 231,000,000% in a single year

Topics
Currency  |  Fundamental Depository financial institution  |  Aggrandizement

Curious Kids is a series for children of all ages, where The Chat asks experts to reply questions from kids. All questions are welcome: detect out how to enter at the bottom of this article. Why don't poorer countries just impress more money? – Clementine, age 12, London, UK Thanks for the question, Clementine.

When a whole country tries to get richer by printing more money, it rarely works. Considering if anybody has more money, prices get upwardly instead. And people find they need more and more money to purchase the same amount of goods. This happened recently ...

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First Published: Wednesday, December 19 2018. x:16 IST

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