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Why Can't We Print More Money? - Business - Nairaland

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Why Can't We Print More Money? by nony43(m): 2:40pm On Nov 05, 2020
Often times we've heard that the Government want to borrow money from China or other countries. Just recently some of us heard that the Government wants to borrow an additional $1.2billon from Brazil.

And just recently the minister of finance said that our foreign debts might hit 38trillion naira in 2021

So my question is why do government borrow money when they can print as much as they want?

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Re: Why Can't We Print More Money? by BruncleZuma: 3:00pm On Nov 05, 2020
nony43:
Often times we've heard that the Government want to borrow money from China or other countries. Just recently some of us heard that the Government wants to borrow an additional $1.2billon from Brazil.

And just recently the minister of finance said that our foreign debts might hit 38trillion naira in 2021

So my question is why do government borrow money when they can print as much as they want?

That would be begging for hyperinflation especially since the country is the poster child for extractive-based economy.

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Re: Why Can't We Print More Money? by stagger: 3:19pm On Nov 05, 2020
nony43:
Often times we've heard that the Government want to borrow money from China or other countries. Just recently some of us heard that the Government wants to borrow an additional $1.2billon from Brazil.

And just recently the minister of finance said that our foreign debts might hit 38trillion naira in 2021

So my question is why do government borrow money when they can print as much as they want?

Money is meant to be earned through addition and transfer of value and not printed.

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