You have too many questions. You can write a paper after answering them. Check it out yourself
In the past, currency was based on gold, which was called the gold standard. How much gold do you have? You can issue as much currency as you want, but this was no longer the case after World War II. It was the country that chose to issue as much currency as you wanted. This led to the emergence of excessive issuance of currency, which directly led to the rapid depreciation of the RMB in the past ten years.