Thanks, @crypto.piotr. My friend.
It has been long
Nice post
It seem nepal has been printing money from another before granting it to china the contract in 2015 and even Nepal excecutive director of Rastra Bank said;
“Bhuban Kadel, executive director of Nepal Rastra Bank, said the printing cost in China was lower, telling Chinese media outlet Xinhua: “The quality is as good as the ones printed earlier in another country but the cost is less than half of the amount we had earlier paid.He said printing notes in China saved the Nepalese central bank $5.17 million."
Today, notes from Thailand, Bangladesh, Sri Lanka, Malaysia, India, Brazil, and Poland are also being produced for foreign clients.
https://www.google.com.ng/url?sa=t&source=web&rct=j&url=https://amp.news.com.au/finance/economy/world-economy/china-is-printing-foreign-currencies-on-a-massive-scale-according-to-a-new-report/news-story/7d0a98d20f74698e0ac678d50cf7bcb1&ved=2ahUKEwjC9J_l4NDdAhWlDsAKHQrrDkIQFjABegQICBAB&usg=AOvVaw08J7hRCAzTFXbAQU8jcQs8&cf=1
I think the consequences is that the host country will be dominated by china and also overdependent.
I also read in another place that it also link to the Belt and Road Initiative plan.
Thanks for this amazing reply. I totally appreciate your time and effort @oclinton
Great explanation. Make sense. Somehow Im still feeling uneasy about idea of China printing other countries currencies. It does encourage coruption. Which is a huge problem in China already.
Again thx for sharing your view and adding those links. Will check them out soon :)
I don't have much voting power now (I delegated most of my SP to few bloggers to help them grow) so my upvotes are not worth much. To show my appreciation I'm sending to you 0,5 STEEM. Not much but always something :)
Yours
Piotr
Thanks my friend.