why cant a country produce or print a lot of money for themselves?

WEll pal if you did print lot of money then your economy would be in a lot of trouble. As lot of people would have lot of money they would start buying lot of things they would never need and in the process the demand for all items including the very neccessary ones would go up sharply which would cause a very difficult situation where too much money chasing too few goods and in the end the prices of goods will skyrocket. It is a very very dangerous situation to think. that is why countries all over the world do not print so much currency. Another scenario is since there is loads of money printed the value of money will also diminish. What would happen is the value of 10 pesos that is now will be the value of 1000 pesos. I hope you understood what I have tried to convey here.

The way I understand it, how much a country can print money depends on its gold reserves. Otherwise, you'd be awashed with legal tender that has no value - just worthless coins and paper money.

It is best you ask an economist about this. I can not give you full details but i will try.

There are some restrictions producing money. No country can produce money without permission. Your government won't produce money to distribute among others. There are several reasons. Some of them are:

1. If they produce more money that means the value of money will decrease because money supply will increase.
2. It will result in an inflation (increase in price of products)
3. Affect international exchange rate
4. Affects foreign investment

There are many other reasons that a govt can not produce money if it wants to. I knew other reasons but know i can not remember them.

Hope this little information will help you.

To print lot of currency of a particular country, It should posses international valued material, ie, Gold.This is a rule accepted by the nations.Then only the currency should have value.On the other hand, if one country is printing too much currency and distributing to its citizens, that money doesn't have any value other than paper.

I don't know too.

That's a question I used to ask even when I was a kid. But I can't remember what my parents said.

But now, things seems to make some sense. If you can think of it, before there is no money. The forms of exchange are the products and labors. People would get something to eat in exchange of their labors or their properties they acquired through labor or just being the owner of a treasure. Money is just a means to make this exchange more easy as industrialization develops. Now technology emerges and we even have now cashless shopping, where you can get items without that physical money by CCs.

Back to ur question, they can print many papers as they want but i think, for the value to be accepted trading with the world, the Phil. Central Bank has made the arrangements with world banks or institutions for that matter, for the value of the money to be acknowledged or to have its value. We have something to give for these papers to come to life, I think it's even like we would be committing liabilities and debts for printing moneys and distribute it to the people as you said, because it is like using something not yours.

I hope I make some sense.