Why did the British government want to ban colonies from printing paper money?

Why did the British government want to ban colonies from printing paper money?

I know the paper money wasn’t gold or silver as the British taxes wanted so the British banned paper money. Paper money had no value in their opinion. But I still don't get why?

rohak121 is indeed correct. If colonies were allowed to print money without controls, then it leads to further currency debasement, inflation and this was at a time when currencies were mantaded to be backed by either a bi-metallic standard (until 1815) and a mono-metallic Gold Standard after 1815.

All paper money is backed by a gold reserve, without that backing it is just paper, it has no value. For a modern comparison look at hyper-inflation in Zimbabwe.

That is the start of independence. The UK can not tax you, if all you have is your kind of money. It won't buy anything in the UK.

It would devalue the money back home if the colonies could simply print more. The supply of money has to be controlled or it could become worthless.