He denied social media reports that he was linked to money printing
and fraud cartels.
However, Kuroda warned against the idea of propping up the economy through unlimited money printing
saying that "when a central bank monetizes debt unlimitedly, it will most certainly trigger hyper-inflation and cause huge demand to the economy".
During a news conference on Friday, SSP Operations Javed Iqbal informed reporters that during the raid at the warehouse a counterfeit money printing
machine was also seized, while three accused were arrested.
The apex bank denied excessive money printing
after doubts were raised because of increasing liquidity injections and a sharp increase in domestic assets in its balance sheet.
The ruling clears way for the De la Rue to start printing of Kenya's new-look currency as envisioned in the 2010 Constitution.De La Rue has had a stranglehold on Kenya's lucrative money printing
business except for the period between 1966 and 1985 when another UK firm, Bradbury Wilkinson, did the job.
"The cost of money printing
does not depend on the denomination, but on the quantity of bills.
1994 -- The Central Bank of Kuwait circulated the fifth issue of the Kuwaiti currency in six banknote denominations and latest technology in money printing
RATES DEFENDED A Bank of England deputy governor has defended ultra-low interest rates and the bank's money printing
scheme - rebutting the Prime Minister's claims that monetary policy is driving up inequality across the UK.
The report of Mester's appearance on the Australian news program indicates that such money printing
is not only being planned for the United States, but throughout the world, as central banks coordinate their coup d'etat.
Another ongoing concern is quantitative failure, "that trillions of dollars' worth of money printing
in the US since 2010, combined with money printing
in Europe, the UK and Japan, will at some point come back to bite the markets," writes stockbroker Marcus Padley for the Sydney Morning Herald.
For now though, the e1/41 trillion-plus money printing
scheme to buy chiefly government bonds is underpinning confidence.
The Governor said the Bank could decide to expand its PS375 billion money printing
policy, known as quantitative easing, or cut its Bank rate further towards zero from its current level of 0.5%.