A question for the economists on here....
How does the U.S. determine how many dollar bills to print when many of them endlessly circulate on the streets of foreign countries?Does anyone have an idea of the ratio of dollar bills that are in circulation beyond the shores of the US and what effect does it have on the value of the dollar itself?
Re: A question for the economists on here....
Quote:
Originally Posted by
Taunton Blue Genie
How does the U.S. determine how many dollar bills to print when many of them endlessly circulate on the streets of foreign countries?Does anyone have an idea of the ratio of dollar bills that are in circulation beyond the shores of the US and what effect does it have on the value of the dollar itself?
You may as well ask "How long is a piece of string" :wave:
Re: A question for the economists on here....
Quote:
Originally Posted by
BLUETIT
You may as well ask "How long is a piece of string" :wave:
Thanks for your invaluable input, Tony. My understanding of the situation has now improved exponentially :-)
Re: A question for the economists on here....
An even more interesting question is why you think a "pissed up bunch of simpletons" would be able to give you an answer to your question.
Re: A question for the economists on here....
I’m sure I read somewhere that a few years back there were more paper $ hidden in Columbia than there were in circulation in the US.
Re: A question for the economists on here....
Quote:
Originally Posted by
Toadstool
I’m sure I read somewhere that a few years back there were more paper $ hidden in Columbia than there were in circulation in the US.
How do they know, if THEY ARE HIDDEN. :hehe:
Re: A question for the economists on here....
Quote:
Originally Posted by
David Vincent
An even more interesting question is why you think a "pissed up bunch of simpletons" would be able to give you an answer to your question.
Can you supply the answer yourself?
Re: A question for the economists on here....
Quote:
Originally Posted by
Taunton Blue Genie
How does the U.S. determine how many dollar bills to print when many of them endlessly circulate on the streets of foreign countries?Does anyone have an idea of the ratio of dollar bills that are in circulation beyond the shores of the US and what effect does it have on the value of the dollar itself?
I’ve got a one dollar bill, that’s a start
Re: A question for the economists on here....
Re: A question for the economists on here....
Quote:
Originally Posted by
severncity
Thanks but it doesn't answer my specific questions.
Re: A question for the economists on here....
Not exactly the answer, Genie, but this is how the Bank of England deals with a similar problem - the issue of Scottish and Irish notes:
http://www.bbc.co.uk/news/magazine-21145103