All together how much money is there in the whole world? & which country has the most of it?

Question

Worldwide , how much money is there?
Which countries has the much of it?

Which organisation make a decision about the amount of moneys each country should posses? ,,,,,IMF ?

The International Monetary Fund (IMF) is an international organization that oversees the global financial system by monitoring exchange rates and balance of payments, as well as offering technical and financial assistance when asked. Its headquarters are in Washington, D.C.

Answer 1

You know that money, in reality, is just an illusion.

Answer 2

To the previous response: What President Clinton tried to do was not make the national debt 0 - he tried to balance the budget, a completely different matter (and he was very successful). That means, he made sure that the national debt increased by relatively very little during his two terms. The national debt officially has no real significance, because unlike people, countries don't have a lifespan. Thus, a country feels no pressure to pay their debt off anytime soon!

And regarding the question - there is no accurate count of how much money is in the world. Money is printed every day by governments around the world - and at the same time, money is discarded in the form of wrinkled bills and other paper money (that's why coins are so much better, they last ten times as long!).

In terms of which country has the most, that's relative. The purchasing power of Korean money is much less than that of the U.S. dollar, but they regularly carry around thousands or ten thousands in cash. By amount and purchasing power, the U.S. leads the world. However, the sheer size of the U.S. almost assures that is true. Countries with lots of oil and natural resources can't compete.

No organization decides how much money countries can have. The IMF is exactly what you wrote in the question - it monitors transactions, not internal affairs. It also acts as a safety valve to countries in dire need of assistance.

Answer 3

It depends upon which classification of money you are talking about. M1, M2, M3 or M4. Money these days is "fiat money" and as such has no real value other than as a medium of exchange of goods and services.

Thank you for pointing out that the International Monetary Fund is, in-fact, International, that is very helpful.

The USA is the "richest country" on aggregate, but if you are looking at per-capita, you will be heading to Northern Europe or the Far-East. This has nothing to do with how much money they have though.

Market forces decide where currency ("money") is from one time to the next, this used to be through trade, but now there are millions of financial instruments moving lots of currency around the world every-second.

By the way, Washington is in the USA.

Answer 4

Money is a fickle thing (you can always create more) but as for buying power (usually measured by GNP) the US is the leading country (with the rest of the G8 following behind). The world's GNP is roughly double that of the US (showing the pure economic power of the US). For more info on this check out the world fact book.

Answer 5

Here's a thought to ponder on... When Presiednt Bill Clinton was president, he worked on making the national debt $0...
As of today, this is out national debt... $8,508,105,924,663.71

It used to be that out dollard was backed by it's value in gold, no that is no longer possible. THe american dollar is worht nothing and is backed by the american word and teh trust others have in us. Go figure. I wonder what that will end up doing to our economy.

Answer 6

Money, as such, has no meaning. It is only, the means, to any transaction. It has come into vogue, only to avoid Barter System, which had become, cumbersome.
Richness of a Country, is measured by value of its assets.
IMF is an lending institution. It has got, nothing to do with, possession of money / currency, by any country. The currency is printed on the basis of assets of ones country, by their own Government's Reserve / Federal Banks.

Answer 7

It is a whole lot of money & the Arab states have most of it, since they control the oil for the world...

As in Duhbi, (spelling, I now) they built an indoor ski hill...in a desert!!

Answer 8

There is a lot of money in the world and America owns most of it

Answer 9

Enough to burn and have a fire work display and a barbecue with it should add enough fuel to the fire and not stop the world from keep spinning around, if you know what i mean comrade

Answer 10

New York and Hong Kong