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Reserve Bank of India (RBI)

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Q: Who has the sole right to issue paper currency in India?
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kuwaiti dinar


Why might Britain be reluctant to adopt the euro as its currency?

I think that there is a sense of national identity around the currency that many people in the UK do not want to lose. For many years the political right in particular have drummed up resistance to the European Union and tying the country in to the broader economics of the Euro zone. Maybe an economist could give actual financial reasons for not changing the currency but for the general person in the street it seems to be a more emotional issue.


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Why a central bank retains the right to print currency?

Because, if they allow anyone to print the currency, they might print money in an uncontrolled manner. . printing money in an uncontrolled manner causes severe economic problems and devalues the currency. Take Zimbabwe for example, a loaf of bread costs a few million bucks in their local currency because the government resorted to printing more money to ease their financial burden. That resulted in severe devaluation of their currency and it damaged their economy as well.

Related questions

Who has the sole right of issuing currency in India?

the planning commission


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What do you mean by right issue?

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The Kashmir issue is mainly speaking of the conflict of a region called Kashmir between Pakistan and India. Both believe they have the right to this region and have conflict over who has it. Conflict began shortly after independence was granted to India. It is mainly an issue of Muslims and Hindus. Negotiations have been started and delayed several times due to conflicts.


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Appearance of a right margin in a paper?

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