Before knowing about limitation of currency let us know where are notes printed and what is RBI.This printing of Notes and Minting of coins are done by the authority ofRBI (Reserve Bank Of India) ls the Central bank and controls the supply of Indian Rupee.
It Plays very Important role on the development of Country.The entire Banks of
India are dependent on RBI is like regulator of Banks of India.
CURRENCIES AND LOCATION OF PRINTING MONEY
So currency is that where we can buy
products or anyone give products in return of currency or money.The indian currency notes
are printed at Dewas, Salboni, Nasik, Mysore.
Where
as Coins are minted at Hyderabad,Kolkata,Noida and
Mumbai. On 1968 Security Paper mill was Established to
Manufacture Papers for Bank notes at Hoshangabad, Madhya Pradesh.
EARLIER DAYS OF TRADING
At
early days at ancient time when there was no notes or coins to trade or
buy and sell products. People use to exchange their products and live
simple by exchanging of Food or Products.
WHY
RBI PRINTS LIMITED NOTES
So now you want to Know why RBI prints limited notes and don't make
everyone Rich.RBI have Rights and Machines to Print required amount of
Notes even they don't print why.? The reason is if everyone born
rich got enough money or cash in India the price and Demand of the
products Increases where we need more amount of cash and notes to purchase just
a product . If everyone one richer then there
will be no work like farmers will not work at his
Agriculture because he has enough money. And how can we survive without food
where farmer is necessary for harvesting food. Why every student
runs for education,why there will be a jobs if everyone has enough Money. We need a money to buy products but
what if everyone has enough money then why they sold their products. Demand will be increase and
Manufacturing of products will be decreased and price Increases.
Printing money is not solution for unemployment Poverty will be solved only when you
work hard for it then you can earn. Money is nothing but way ormediumto buy products .
RULE
There is a rule
where every year notes are printed on the basis of Market research , Goods
Manufacturing in a year by GDP(Gross domestic products). The limitations of printing Notes are totally
depends on how much goods are
available to sell .
Conclusion:-
This Blog is All about Indian currency printing limitations and
RBI.
No comments:
Post a Comment