Does every country print its own money?

If each and every country printed their own and didn’t have these specialized equipment, their currency would collapse because every Tom, Dick, and Harry would be using their color printers to print out millions of their local currencies (counterfeits) and that devaluation would be devastating to their economy. read more

Money is used to do the exchange with other things. printing more and more money faster than the country’s growth of production will cause inflation. The cost of the goods and services will go up and the value of money will go down. read more

So this is one of many reasons why country needs to print incremental money. In developing economies like India, Indonesia or china every year millions of their citizens are coming out of poverty. Government has to provide currency to these residents so that their demands (currency) can be met. read more