State Bank of Pakistan has injected(printed) over Rs 19 TRILLION into the Banking Sector from Jan'12

[AsifAmeer]

[HI]State Bank of Pakistan has injected (printed) over Rs19 trillion from Jan of 2012 to Jan of 2013.[/HI]



To put this into prospective, State Bank printing Rupees equal to the value of $193 billions in 13 months. Ofcourse, when the State Bank floods the world with Rupees, rupee becomes worthless.


During this time, State Bank has LOST dollar reserves from from $16.8Billion to $13.5Billions. Instead of contracting the money supply, they expanded the supply forcing a market devaluation of the Rupee in the forex.


You will not see this news covered ANYWHERE. ANYWHERE! Not even the darn news websites!

Here are the transactions and their totals.

[TABLE="width: 692"]
[TR]
[TD]Date[/TD]
[TD]Type[/TD]
[TD]Tenor[/TD]
[TD]Amount[/TD]
[TD]Amount[/TD]
[TD]Cut-Off[/TD]
[TD]Monthly Totals[/TD]
[/TR]
[TR]
[TD](Days)[/TD]
[TD]Offered[/TD]
[TD]Accepted[/TD]
[/TR]
[TR]
[TD]09-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]3,000[/TD]
[TD]1,500[/TD]
[TD]11.53%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]09-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]11[/TD]
[TD]16,500[/TD]
[TD]16,500[/TD]
[TD]11.54%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]10-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]21,300[/TD]
[TD]20,300[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]10-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]10[/TD]
[TD]44,200[/TD]
[TD]21,100[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]13-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]253,100[/TD]
[TD]218,100[/TD]
[TD]11.58%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]20-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]274,050[/TD]
[TD]242,450[/TD]
[TD]11.58%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]27-Jan-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]275,150[/TD]
[TD]274,150[/TD]
[TD]11.52%[/TD]
[TD="align: right"]794,100[/TD]
[/TR]
[TR]
[TD]03-Feb-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]270,650[/TD]
[TD]270,650[/TD]
[TD]11.53%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]07-Feb-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]45,000[/TD]
[TD]37,000[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]10-Feb-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]326,500[/TD]
[TD]326,500[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]17-Feb-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]353,100[/TD]
[TD]342,000[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]24-Feb-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]269,250[/TD]
[TD]268,250[/TD]
[TD]11.54%[/TD]
[TD="align: right"]1,244,400[/TD]
[/TR]
[TR]
[TD]02-Mar-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]285,050[/TD]
[TD]283,050[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]09-Mar-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]346,250[/TD]
[TD]346,250[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]16-Mar-12[/TD]
[TD]Reverse Repo[/TD]
[TD]10[/TD]
[TD]320,450[/TD]
[TD]320,450[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]20-Mar-12[/TD]
[TD]Reverse Repo[/TD]
[TD]6[/TD]
[TD]49,700[/TD]
[TD]38,100[/TD]
[TD]11.58%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]26-Mar-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]232,050[/TD]
[TD]223,050[/TD]
[TD]11.55%[/TD]
[TD="align: right"]1,210,900[/TD]
[/TR]
[TR]
[TD]02-Apr-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]284,100[/TD]
[TD]242,500[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]06-Apr-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]227,800[/TD]
[TD]222,800[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]13-Apr-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]234,550[/TD]
[TD]200,000[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]20-Apr-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]213,400[/TD]
[TD]140,100[/TD]
[TD]11.57%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]27-Apr-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]177,350[/TD]
[TD]130,000[/TD]
[TD]11.57%[/TD]
[TD="align: right"]935,400[/TD]
[/TR]
[TR]
[TD]04-May-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]121,850[/TD]
[TD]116,350[/TD]
[TD]11.58%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]11-May-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]111,350[/TD]
[TD]111,350[/TD]
[TD]11.55%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]18-May-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]235,750[/TD]
[TD]169,550[/TD]
[TD]11.59%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]21-May-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]54,200[/TD]
[TD]27,450[/TD]
[TD]11.60%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]25-May-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]186,550[/TD]
[TD]155,000[/TD]
[TD]11.60%[/TD]
[TD="align: right"]579,700[/TD]
[/TR]
[TR]
[TD]01-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]152,200[/TD]
[TD]125,000[/TD]
[TD]11.60%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]08-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]197,450[/TD]
[TD]167,950[/TD]
[TD]11.61%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]15-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]174,200[/TD]
[TD]119,500[/TD]
[TD]11.63%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]19-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]61,700[/TD]
[TD]32,000[/TD]
[TD]11.70%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]22-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]92,200[/TD]
[TD]35,000[/TD]
[TD]11.66%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]22-Jun-12[/TD]
[TD]Reverse Repo[/TD]
[TD]14[/TD]
[TD]79,900[/TD]
[TD]79,900[/TD]
[TD]11.67%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]06-Jul-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]98,650[/TD]
[TD]95,400[/TD]
[TD]11.60%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]09-Jul-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]41,050[/TD]
[TD]39,650[/TD]
[TD]11.61%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]13-Jul-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]263,050[/TD]
[TD]212,500[/TD]
[TD]11.64%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]20-Jul-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]315,900[/TD]
[TD]292,000[/TD]
[TD]11.66%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]27-Jul-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]448,550[/TD]
[TD]419,050[/TD]
[TD]11.68%[/TD]
[TD="align: right"]1,617,950[/TD]
[/TR]
[TR]
[TD]03-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]417,250[/TD]
[TD]390,150[/TD]
[TD]11.69%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]07-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]38,750[/TD]
[TD]32,750[/TD]
[TD]11.70%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]10-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]416,100[/TD]
[TD]416,100[/TD]
[TD]11.50%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]13-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]48,500[/TD]
[TD]48,500[/TD]
[TD]10.05%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]15-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]2[/TD]
[TD]24,250[/TD]
[TD]24,250[/TD]
[TD]10.10%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]15-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]9[/TD]
[TD]51,300[/TD]
[TD]51,300[/TD]
[TD]10.09%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]17-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]285,400[/TD]
[TD]285,400[/TD]
[TD]9.95%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]17-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]14[/TD]
[TD]200,150[/TD]
[TD]200,150[/TD]
[TD]10.10%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]24-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]261,650[/TD]
[TD]261,650[/TD]
[TD]9.91%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]31-Aug-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]411,850[/TD]
[TD]379,850[/TD]
[TD]9.89%[/TD]
[TD="align: right"]2,090,100[/TD]
[/TR]
[TR]
[TD]07-Sep-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]446,250[/TD]
[TD]446,250[/TD]
[TD]9.82%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]14-Sep-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]476,100[/TD]
[TD]476,100[/TD]
[TD]9.77%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]24-Sep-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]561,700[/TD]
[TD]561,700[/TD]
[TD]9.71%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]28-Sep-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]621,000[/TD]
[TD]611,500[/TD]
[TD]9.66%[/TD]
[TD="align: right"]2,095,550[/TD]
[/TR]
[TR]
[TD]05-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]512,250[/TD]
[TD]487,150[/TD]
[TD]9.50%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]08-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]90,300[/TD]
[TD]87,300[/TD]
[TD]9.20%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]09-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]19,500[/TD]
[TD]12,500[/TD]
[TD]9.10%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]12-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]603,250[/TD]
[TD]603,250[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]19-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]11[/TD]
[TD]652,250[/TD]
[TD]527,450[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]23-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]147,000[/TD]
[TD]146,000[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]30-Oct-12[/TD]
[TD]Reverse Repo[/TD]
[TD]3[/TD]
[TD]646,400[/TD]
[TD]641,400[/TD]
[TD]9.01%[/TD]
[TD="align: right"]2,505,050[/TD]
[/TR]
[TR]
[TD]02-Nov-12[/TD]
[TD]Reverse Repo[/TD]
[TD]10[/TD]
[TD]530,800[/TD]
[TD]520,900[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]12-Nov-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]479,400[/TD]
[TD]475,900[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]16-Nov-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]547,200[/TD]
[TD]546,400[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]23-Nov-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]555,850[/TD]
[TD]545,000[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]30-Nov-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]569,550[/TD]
[TD]545,000[/TD]
[TD]9.01%[/TD]
[TD="align: right"]2,633,200[/TD]
[/TR]
[TR]
[TD]07-Dec-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]550,750[/TD]
[TD]547,250[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]14-Dec-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]635,850[/TD]
[TD]615,000[/TD]
[TD]9.01%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]21-Dec-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]652,250[/TD]
[TD]496,450[/TD]
[TD]8.75%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]24-Dec-12[/TD]
[TD]Reverse Repo[/TD]
[TD]4[/TD]
[TD]149,000[/TD]
[TD]130,000[/TD]
[TD]8.77%[/TD]
[TD="align: right"]1,788,700[/TD]
[/TR]
[TR]
[TD]28-Dec-12[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]618,200[/TD]
[TD]615,700[/TD]
[TD]8.77%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]04-Jan-13[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]543,500[/TD]
[TD]541,000[/TD]
[TD]8.75%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]11-Jan-13[/TD]
[TD]Reverse Repo[/TD]
[TD]7[/TD]
[TD]672,650[/TD]
[TD]642,650[/TD]
[TD]8.76%[/TD]
[TD="align: right"]1,799,350[/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD]Rs (in Billion)[/TD]
[TD="align: right"]19,294,400[/TD]
[/TR]
[/TABLE]




REPOS
[TABLE="width: 692"]
[TR]
[TD]13-Mar-12[/TD]
[TD]Repo[/TD]
[TD]3[/TD]
[TD]5,000[/TD]
[TD]3,000[/TD]
[TD]10.40%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]4-Dec-12[/TD]
[TD]Repo[/TD]
[TD]3[/TD]
[TD]51,100[/TD]
[TD]39,500[/TD]
[TD]7.99%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]2-Jan-13[/TD]
[TD]Repo[/TD]
[TD]2[/TD]
[TD]78,300[/TD]
[TD]52,500[/TD]
[TD]7.25%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD]3-Jan-13[/TD]
[TD]Repo[/TD]
[TD]1[/TD]
[TD]54,500[/TD]
[TD]54,500[/TD]
[TD]7.20%[/TD]
[TD][/TD]
[/TR]
[TR]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD][/TD]
[TD]Rs (in Billion)[/TD]
[TD="align: right"]149,500

[/TD]
[/TR]
[/TABLE]


*Reverse Repo is injection. Repo is buying up treasuries to withdraw liquidity or shrink reserves from the banking sector.

 

[UKPakistani]

Would this explain the Dollar = Rs100 ?

Printing money ever work ?

 

[Unicorn]

I wish some one can talk to people who retired and at the time thought that are getting a good pensions these people will end up beggars. This sort of thing is a moral crime with dire consequences.

 

[nonamina]

state bank is giving a last chance to all choor politicians to start quick projects and loot the last instalment before leaving.. lootooo tay phooto

 

[Z.Cheetah]

So it means more inflation coming to Pakistan.. I mean more mehngaaeee:(:(

 

[nonamina]

So it means more inflation coming to Pakistan.. I mean more mehngaaeee:(:(

Oh Yes.... keep watching

 

[Sheeba]

state bank is a part of looter program

 

[Omrkhan]

@asifameer
Thats a huge total. Where did you get this.

 

[AsifAmeer]

Reverse repo
http://www.sbp.org.pk/ecodata/OMO-Inject-Hist.pdf

And repo
http://www.sbp.org.pk/ecodata/OMO-MopUp-Hist.pdf

They published this data 2 days ago. I am seeing alot of more data which is very disturbing. But I have had to funerals in friends' and relatives. So been busy lekin I am seriously thinking about compiling all the data and translate into layman's terms and publish an article on this.

I will keep you guys posted. Share tthis with other folks too.

@asifameer
Thats a huge total. Where did you get this.

 

[gazoomartian]

Would this explain the Dollar = Rs100 ?

Printing money ever work ?

"State Bank of Pakistan has injected (printed) over Rs19 trillion from Jan of 2012 to Jan of 2013."
​

This is worth less paper money printed by employee of the Free mason, governor of the SBP. Keep printing to ruin our economy and eventually ask for the nukes because we can not run the country any more.

 

[UKPakistani]

"State Bank of Pakistan has injected (printed) over Rs19 trillion from Jan of 2012 to Jan of 2013."
​

This is worth less paper money printed by employee of the Free mason, governor of the SBP. Keep printing to ruin our economy and eventually ask for the nukes because we can not run the country any more.

This is how it is done in FAILED economies

[SIZE=+3]THE WORLD'S WORST INFLATION?[/SIZE]
By Joel Anderson The recent civil war in what used to be Yugoslavia has brought on some of the worst inflation the world has ever known, far exceeding that of the famed 1923 hyper-inflation of Germany. In 1990, with the collapse of the "communism" throughout Europe, a new currency was introduced, with one of the "new" Dinara being equal to 10,000 of the "old" Dinara. Inflation picked up in 1992, as the Slovenia, Croatia, Bosnia-Herzegovinia, and Macedonia declared their independence from Yugoslavia. Another new currency was introduced, with one of the "new" Dinara being equal to ten of the previous Dinara. By the autumn of 1993, with an international embargo on Yugoslavia and the country trying to support Serb rebels in Croatia and Bosnia-Herzegovinia inflation really got going, and another new currency was introduced, also called the Dinara, with one new Dinara equal to 1 million previous Dinara. Paying for a war by running the printing press does not work. Denominations as high as 500,000,000,000 Dinara were produced, before another new currency was introduced on January 1, 1994, with of the new Dinara being equal to 1 Billion of the previous Dinara that had been introduced only months before. Thus it took 100,000,000,000,000,000,000 of the new 1994 Dinara to equal one of the pre-1990 Dinara.
Naturally by now no one trusted the Yugoslav currency. The German Mark had become the preferred currency. In February 1994 the Yugoslav government gave up on the old Dinara and started over. A new currency, tied one to one to the German Mark was introduced. Production was severely limited based on the amount of hard currency on hand and some of the worse inflation the world ever knew came to an end.


We are surey doomed unless something is done and soon

Most of the notes issued during this inflationary period are available to collectors. Be careful about paying the prices shown in the paper money catalogs. Many formerly hard-to-find notes with high catalog values are becoming available for only a few dollars each or less.

 

[miafridi]

Would this explain the Dollar = Rs100 ?

Printing money ever work ?

I have heard from economic experts that when a country or a certain region prints money on itself then the value of it degrades. And yes ofcourse it has a roll in rupee completing its century.

 

[mrcritic]

ruppee will be going further down before election

1$ = 120 rupees in a few months. . .

 

[gazoomartian]

This is how it is done in FAILED economies

[SIZE=+3]THE WORLD'S WORST INFLATION?[/SIZE]
By Joel Anderson The recent civil war in what used to be Yugoslavia has brought on some of the worst inflation the world has ever known, far exceeding that of the famed 1923 hyper-inflation of Germany. In 1990, with the collapse of the "communism" throughout Europe, a new currency was introduced, with one of the "new" Dinara being equal to 10,000 of the "old" Dinara. Inflation picked up in 1992, as the Slovenia, Croatia, Bosnia-Herzegovinia, and Macedonia declared their independence from Yugoslavia. Another new currency was introduced, with one of the "new" Dinara being equal to ten of the previous Dinara. By the autumn of 1993, with an international embargo on Yugoslavia and the country trying to support Serb rebels in Croatia and Bosnia-Herzegovinia inflation really got going, and another new currency was introduced, also called the Dinara, with one new Dinara equal to 1 million previous Dinara. Paying for a war by running the printing press does not work. Denominations as high as 500,000,000,000 Dinara were produced, before another new currency was introduced on January 1, 1994, with of the new Dinara being equal to 1 Billion of the previous Dinara that had been introduced only months before. Thus it took 100,000,000,000,000,000,000 of the new 1994 Dinara to equal one of the pre-1990 Dinara.
Naturally by now no one trusted the Yugoslav currency. The German Mark had become the preferred currency. In February 1994 the Yugoslav government gave up on the old Dinara and started over. A new currency, tied one to one to the German Mark was introduced. Production was severely limited based on the amount of hard currency on hand and some of the worse inflation the world ever knew came to an end.


We are surey doomed unless something is done and soon

Most of the notes issued during this inflationary period are available to collectors. Be careful about paying the prices shown in the paper money catalogs. Many formerly hard-to-find notes with high catalog values are becoming available for only a few dollars each or less.

Thus it took 100,000,000,000,000,000,000 of the new 1994 Dinara to equal one of the pre-1990 Dinara.

Yogurt Slave Ya sure has some economic experts !! :lol:

I wonder ho kids did math because no calculator accepted this many 0's
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