Printing a large amount of currency will increase the amount of currency circulating in society, which will, to a certain extent, lead to currency devaluation, continued price increases, inflation, and increase residents' living costs and life pressure, etc.

It will also bring the following effects: printing a large amount of money and causing inflation are a good thing for debtors, which can reduce the value of their debts, that is, debt depreciation and debt burdens are reduced; for creditors, it is a bad thing, inflation

Down, the purchasing power of its assets has declined relatively.

Printing a large amount of currency will lead to currency devaluation, which is conducive to exports. Even if people abroad increase their demand for domestic products, the purchasing power of foreign currencies will also increase relatively. Depreciating domestic goods, labor services, transportation, accommodation, etc. will be relatively cheaper, which will help attract foreign tourists.

Expanding the development of tourism will promote the increase of employment and the growth of national income; relatively speaking, the prices of foreign commodities will rise, and domestic investors will reduce their purchases of foreign commodities, that is, they will reduce imports.

Warm reminder: The above information is for reference only.

Response time: 2022-02-14. For the latest business changes, please refer to the official website of Ping An Bank.