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2006-11-04 17:50:35 · 5 answers · asked by feinstru2005 1 in Social Science Economics

5 answers

Prininting of currency notes by state banks is a very controlled process. It is not allowed to printe currency notes just like other prininting material by the Priniting Press. For Priniting Notes, a special Printing Press under the control of the Government is assigned the work of printing under very controlled atmosphere.When it is considered necessary to print notes, a Summary is sent to the Minist ry of Finance by the State Bank wherein a proper justification for printing notes of different denominations is sent . If the new printed notes are simply in replacement of old and torn out currency notes, the sanction is accordingly accorded by the competent authority to print equal no. of notes. If the currency notes are to be printed in addition to the already circulated notes, an amount of gold or US Dollars, (say 50 % )which are universally acceptable are required to be set aside so that the printed notes are backed by some valuable material and not become a paper notes.

2006-11-04 20:18:19 · answer #1 · answered by ? 7 · 0 0

The place where the coins and currency are generated is call "Mint".

There are two types of "Mint" private and government mints.

Lots of small or poor countries cannot afford to under take such a large investment, they use the sevices of other governments or private mints in other places.

Some times ago India cotracted with Holand to provide coins(1979-80 time frame).

2006-11-05 09:57:45 · answer #2 · answered by minootoo 7 · 0 0

with a printing press

2006-11-05 04:19:59 · answer #3 · answered by Anonymous · 0 0

You can print money by either your hardwork or by your talent (mind).
Best of luck !

2006-11-05 02:02:21 · answer #4 · answered by Anonymous · 0 0

no it does not work if that is what you are asking

2006-11-05 01:55:06 · answer #5 · answered by Lorenzo F 1 · 0 0

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