Printing money? That's a bad idea OP- this will significantly increase the inflation rate and might put the economy of the country in jeopardy. Increase in money supply will lower the demand rates and thus, will lower the value of the currency significantly in a short amount of time.
The Central Bank has several methods of controlling the inflation rate but I highly doubt that they will print money to control such inflation.
I think printing a lot of money will affect the economy of the country in a bad way. Money is meant to be circulated but if there is need to print money, experts should be consulted
of course printing money will influence to money supply in market that caused inflation. a country can not print money arbitrarily, they must provide a guarantee for every value of money that is printed. we have some example that countries printing money unlimited and its money have no value at all.
Check for Zimbabwe for instance, the face value of their money is so high that the actual value is so low. Printing money tends to decrease the value of the currency in the market due to its tremendous supply circulating without the demand to use it at all.