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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.

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Q: Why a central bank retains the right to print currency?
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