What is 'scarcity of currency'?

Currency is only a unit of accounts. It is a measure of value set which enables economic activity beyond barter. "Print all you need." and you end up with monster inflation. Chile led the way in bandaiding that problem. read more

"the concept of scarcity", it was established that in two goods economies the ”scarcest” goods would play the role of a currency. Indeed, the “scarcest” good is the easiest to exchange. Thus, it can be used as a reserve of value and has the quality to be easily exchangeable. read more

A dollar shortage occurs when a country lacks a sufficient supply of U.S. dollars to manage its international trade effectively. Because the U.S. dollar is the world’s most widely traded currency, many nations must hold assets in dollars to maintain a steadily growing economy. read more

THE interbank market, the only market now available for the procurement of foreign exchange, is believed to be hit by the scarcity of hard currency as operators at the Nigeria’s real sector are complaining that their application for Dollars are not been attended to because of what they described as “scarcity in the market”. read more