Topic: If the world uses a single currency (Read 1832 times)
I think using a single currency is a good thing, I hope the world immediately apply single currency so that justice and prosperity can be felt by everyone, of course all countries must support the mission because many benefits if the world only uses single currency.
The world using one currency I think is a difficult thing. Because unifying opinions among countries in one region alone is difficult. Moreover, bringing together all the countries in the world is something that is impossible. And every country today has a different economic level and automatically per capita level of opinion is also different if the currency is the same it will be very difficult for poor countries to adjust.
It will be good to have one currency around the world because if you travel, there will only be one currency. The downside of this is there are other countries whose economical growth isn't stable and low.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
I do not agree with what you say. I think if the World only uses the single currency, the economy will be more devastated. Because every country needs the currency of his country to meet the needs of his life. There is no way we can all survive only with a single currency. And I also prefer to use my own country's currency. This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
Global currency is the currency which is used for the majority of international payments and which serves as the main reserve currency.
So if we take this definition, we can see that US dollar and euro can already be defined as global currencies accepted in every corner of the Earth.
On the other hand, a unified currency is risky as it provides no guarantees in case of crisis. So, personally I would prefer having diversified ways of payment for goods and services that I need.
So if we take this definition, we can see that US dollar and euro can already be defined as global currencies accepted in every corner of the Earth.
On the other hand, a unified currency is risky as it provides no guarantees in case of crisis. So, personally I would prefer having diversified ways of payment for goods and services that I need.
I don't think so. Every country has its own economy condition, and if it's forced to them just to use a currency, then it might give bad and good effects for those country.
True, if the world is only a single currency of course poverty will continue to rise, we can not equate the price of apples in new zealand with africa because there will always be costs and problems in the economy, I think this idea is difficult to happen.
I don't think so. Every country has its own economy condition, and if it's forced to them just to use a currency, then it might give bad and good effects for those country.
That is garbage. It won't bode well, and will simply prompt devastation and a bigger number of issues than the ones we have now. Most nations will even feel duped and some will utilize it as a chance to mistreat others. It's not a smart thought, so I don't bolster it. Indeed, even the individuals who are functioning as government employees will feel swindled when they discover that the thousands they are been paid in their nation is useless. It's better everybody proceed as they see things.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
I do not think so. This will not make the economy more stable instead of destroying the world's economy. Every country needs the currency of each country, no one can live without the currency of his country. And I'm sure the Government of every country will definitely protect the currency of the country and do not want to be replaced by any currency.This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
if the world will use a single currency then the cost of living will be a lot more cheaper and the currency price will be based on europe because the price of their currency in their own country is too high.
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
I think it's possible but it will be hard to implement especially to poor countries. It depends on country whether the effect comes out good or bad. Each country has it's own basic needs and commodities. Agriculture and livestock will affect also as some country don't have those.
Its a disastah! Considering the fact that they needed to adapt the selected currency anyway possible in every country in the world. Also they will be forced to convert every policy with regards to the economic stability of that specific currency. And the most big thing about this is, we have to only have only one government.
Every country wants to control its monitary system, even euro is not stable. So, it's unbelivable that we'll see such an united currency in the nearest future
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
Governments will not allow the entire nation to use a single currency because the price of the fiat in each country has different value and it was not that easy to immediately change prices in your own country.
If the world uses a single currency we probably would be dead already. No competition means no development, countries always trying to improve their economy but with single currency it's impossible.
Its not possible when the world uses a single currency , because each country has own law and sovereignty. And it will affect the economy like the fuels, foods etc because of the prices its not the same in each country..
So global changes can not be predicted. And if this happens, it will not be soon enough, now there are more important tasks
If the world uses a single currency, will the economy be more stable?
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
This is a very interesting question. The sovereign nations issue their own currencies and are taken for granted by many people, but few consider whether this is the economically optimal option.
If will depend upon the nation who has the most feasible goods like food and technology. If world has one currency then all nations shall develop well their products so that they could earn and keep the highest percentage of the words money. Pity for those nations who have no feasible commodities because they would less their bargains to trade so i say still the poor will exist even if the currency is just one.
It's hard to make a contribution to the economy with a single currency!
The European Union is a classic example of the use of a single currency.
But many countries in the European Union have seen economic setbacks!
The European Union is a classic example of the use of a single currency.
But many countries in the European Union have seen economic setbacks!
Actually, It will cause many problems. Single currency tend to be centralized policy.
While the world has many countries and many different backgrounds.
Using of the single currency in the entire world is something very much difficult to happen as the government of different countries will not agree upon this but if this thing ever happens, then this will surely be very much beneficial for all of us as we won’t be having any worries of keeping different currencies every time we go for visiting different countries of the world and that this will also remove the discrimination in the worth of the currencies. While the world has many countries and many different backgrounds.
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