How much currency can a country print and what is basis for it. Who will monitor and control it.
3 Replies
sivaram
(Asst Mgr-Taxation)
(6918 Points)
Replied 24 November 2009
RBI will control it and as far as printing it is based on Gold Reserves with RBI
vivek ananda
(student)
(173 Points)
Replied 24 November 2009
But what kind of ratio dose RBI takes into consideration? also some times the government asks RBI to print currency some times. can you explain?
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