Cryptocurrency Q&A
Why can't we print more money in the Philippines?
Why can't we print more money in the Philippines?
Maria
Tue Nov 19 2024
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5 answers
1467
I'm wondering why the government doesn't just print more money in the Philippines. Wouldn't that solve our economic problems? Why isn't this a viable solution?
5 answers
NebulaNavigator
Thu Nov 21 2024
Simply printing more money to increase circulation beyond the level of goods supply can lead to detrimental consequences.
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SumoMight
Thu Nov 21 2024
One such consequence is inflation, where the prices of goods escalate due to the excess currency in circulation.
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Giulia
Thu Nov 21 2024
During inflation, the purchasing power of money diminishes, meaning consumers need more currency to buy the same amount of goods.
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Daniele
Thu Nov 21 2024
Bangko Sentral ng Pilipinas, akin to other central banks globally, possesses the power to generate currency.
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DongdaemunTrendsetterStyle
Thu Nov 21 2024
However, this process is not as straightforward as it may seem.
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