Topic: If the world uses a single currency - page 17. (Read 1836 times)
iT would help in growing international trade in decentralized means and also tax free transactions overseas.
This is impossible and will crash the economy, think about it. A single currency for the whole world is the worst thing that can happen.
I don't think the world will use only one currency. No government will want to change their currency. Because every currency of every country has a history behind it. Like the people that are into that money.
this is out of the question, because in reality no government will go on such sacrifices .. And the sacrifice is because every state will lose its identity if it makes a single world currency.suppose if all countries accept means next question is who will handle this? here nobody will comprise. So in dreams only it is possible.
I don't think the world will use only one currency. No government will want to change their currency. Because every currency of every country has a history behind it. Like the people that are into that money.
this is out of the question, because in reality no government will go on such sacrifices .. And the sacrifice is because every state will lose its identity if it makes a single world currency.
Are you joking? There are too many countries in this world and all countries have different nation and these nations culture and nature are different. If world uses single currency then there will come many problems because it will be so hard to do thing like this. Remember there are some well developed and undeveloped countries in this world and there currency rate is too much different and if there currency comes same then there places people will fall into different types of problem and high leveled authority in this world will confuse about solving these problems so that in my opinion everything is going well. No need to change this system.
I don't think it would stabilized the economy of some third rate country that had slow economical growth especially on Asia and Africa were their primary sources of income are agricultural products. Whose investor wants to pay 1000 usd per employee?
That is actually a good point on determining a big pros on having a single currency in terms of transaction. Not all countries are dependent on the single monetary system where some developing countries also established trading crops and exchanges of goods for their services. It is not also a good thing to established a single currency because most of countries are independently mind set where their goal is to somehow build own base currency.
A government needs to be able to devaluate its currency when economic crises happen. Then it's easier for the economy from that country to export goods and the people there buy domestic stuff instead of imported things. If a governemnt is not capable of doing so, that could lead to never ending economic crisis and to a bankrupt state. And if one state goes bankrupt there is always a big chance it drags others down with it.
I don't think the world will use only one currency. No government will want to change their currency. Because every currency of every country has a history behind it. Like the people that are into that money.
if the world uses a single currency it is definitely better not to be replaced and exchange by the bank and the same would have been, the same price for no country losing or confused. but I do not think that's going to happen because the currency we use is different from each other country.
I think if the world only uses one currency the transaction worldwide is so fast as it send money as soon as you request it. And I recommend to use one currency and that is cryptocurrency and the bitcoin to be specific. Because it is digital money or currency and can be access using internet connection with the help of your gadget as a meduim. 
if the world uses a single currency it is definitely better not to be replaced and exchange by the bank and the same would have been, the same price for no country losing or confused. but I do not think that's going to happen because the currency we use is different from each other country.
Introduction of single currency will not be welcome because different countries different way s of life. On this note make things difficult for transaction of good and service will b difficult.
If the world uses a single currency for payments it is a good idea because of its faster to transact when it comes to transaction. It has a lot of observation for this kind of transaction because we have different perceptions and different thoughts by stabilizing a currency. People takes a lot of option and governments can made decisions if it will be a good to unite one currency.
Introduction of single currency will not be welcome because different countries different way s of life. On this note make things difficult for transaction of good and service will b difficult.
It is impossible because so many nation's are there each have their own currency and from place to place the value for money is different. Can't make decentralization of money that may create lot chaos in the economy of the world, practically speaking it very distant to imagination and not going to happen.
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 that will never gonna happen because different countries want to have freedom and having the same currency gonna make them think that the freedom is not be given into them. And the government will also not agree with that because if there are one currency that will be use it means that all the country are and have the same resources they have the same prices and capabilities so there will have an equality i the world which the Government doesnt want.
I believe that it can help stabilize the economies of those 3rd world countries if we only have one fiat currency but then I don't think it is going to be possible. Governments of powerful nations would not want that to happen.
If the majority of the population know the online world would not make them difficult in receiving it but if people do not really understand this digital currency will need a very long time to make it happen as well as guidance is necessary to be held for smooth transactions in the future.
If the world will use a single fiat or cryptocurrency, the econom wouldnt chnge at all. Economy rises on how productive a country is. Whether we use the same currency, that doesnt affect the growth of economy. Its just like an agreement that we do hve same currency yet our country's distribution wouldntbe the same.
It's quite impossible to happen for a system of currency to have one united currency to follow by all part or countries all over the world. Becayse most of the countries one to develop and to established their own currency to established a well developed country as a independent nation. 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.
The world will no compitition anymore. Products will have the same prices all over the world. People need not to worry about the value of their money. Easier way to access banks all ober the world especially in deposit and withdrawal. Easier way to travel as well. Nations will be able to pay nations without worrying the low or high value of ones currency.
Everything can be possible because, man has every power but, first we have to spread rapid awareness campaigns as KFC did.
There will be more trouble than convenient, because one currency parctically means one state or nation, so it will be maasive nation and massive population, the main problem will be the gap between the rich and thepoor will be huge with one or two state become the rich and the others become the poor, just like what happen in europe nowadays.
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