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 how does malaysia print their money ?, compare to US...

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cherroy
post Nov 1 2009, 01:00 AM

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Money printing is controlled by respective central bank for the need of market.

You don't need any backing like gold to print the money, central banks can print at their wish.
But it is stupid you print too much of it, as it drives down your currency value only, eventually printing more doesn't mean have more money.

I don't know why so many people have this kind of mis-conception of need gold to print the money, may be influenced by USD gold backing (which is prior 1970's era, since after 70's, there is none currency in the world is backed by gold.

It is always about self-controlled by central and print according to the market and economy needs and monetory policy.

 

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