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Thursday, December 5, 2019

WHY RBI PRINTS LIMITED CURRENCY IN INDIA? AND WHAT IS LIMIT OF PRINTING NOTES

                



ABOUT RBI


 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 of RBI (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 or medium to 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.
 
 
 
 
 


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