PREMIUM!

Reserve Bank starts moves to free up more cash

Business News 4 months ago

The bank ‘is seeking to reduce dysfunctionality in the market rather than determining prices’, it said while denying it has gone into quantitative easing.


21 Apr 2020
PREMIUM!
Reserve Bank starts moves to free up more cash

The SA Reserve Bank.

It’s a funny business, not only business itself, which can be difficult at the best of times, but the business of printing money, a euphemism for freeing up liquidity for government during hard times. And an old buzzword has been revived: quantitative easing. While the practice of printing money exists, it’s generally not a good idea as it thins out the value of the currency and, like the Zim$100 trillion bank note, it becomes meaningless. According to economicshelp.org, if more money is printed, consumers can demand more goods, but if firms still have the same amount of goods, they will...

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