Printing Money Does Not Fix Budget Deficits

The Central Bank of Iran is strongly opposed to the policy of printing money to plug budget holes, Abdolnasser Hemmati, the CBI boss, said.

Financial Tribune- He said the government is stepping up efforts to find ways to improve its declining revenues, and stressed that the practice of printing money for compensating the ballooning deficit should end.
“I have a strong conviction that steering clear of printing money for plugging budget holes should remain an undisputed principle,” he wrote in an Instagram post on Friday, echoing the opinion of almost all experts that running the money printing machines round the clock does not solve all the problems.

Publish Date: May 12, 2019