If the world uses a single currency - page 18.

miros

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 think this is a great idea! All the same, all the indicators of countries and markets are reduced to the dollar. But many consider the currency part of the nationality.

Rose119

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Quote from: dogz12 on February 22, 2018, 11:14:07 PM

Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 think that it would not materialize though it would be good for poor countries because it would level out the market. The buying powers of every country would be the same since we are only using same currency Which i believe the world super powers will not allow.

If the world use only one currency for sure there is no overseas at all, because some of the reason of those people who work abroad is that the money in that country will be bigger if it is convert into local currency.

dogz12

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 think that it would not materialize though it would be good for poor countries because it would level out the market. The buying powers of every country would be the same since we are only using same currency Which i believe the world super powers will not allow.

andika2018

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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 think its very hard to make it. Every country have their own growth and its affect on economic. For example, on europe continet using single currency Euro and thats many problem to handle that affect to other country using euro

saifanik

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I don't know what will happen. But I guess something like there will no comparable things.The market will depend on one currency.People will be bore by using one currency and don't invest more.

balintong15

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there is no use of money if the world only uses one or single currency. why? because there will be no use of hard work and perseverance if the money will only have one. there will be no use of currency exchanger which some people is there work and business. for example, if only dollar is our money, then work in the other place or countries are very similar.

torch2121

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If the world uses single currency what I see is, this will eliminate cost of converting currencies. Then there would be a price transparency, very convenient because we don't need calculator to check the price of something in another country. Everything is in same currency. As we find cheapest price product, it would be much easy. A good advantage if its on the same currency.

babarian

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

it can not be that way, even though the whole world will eventually use the same currency but it will not make the world's financial situation stable, every country needs the currency of their country to transact, can not use one type of currency for the whole world

biboy

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It cannot happen that we will just have one currency at a time and all over the world.

First, every country has their own views, strategies and perspective when it comes to currency so I don't think that there would be a balance in the world.

political1907

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

The economy can be stabilized if the whole world uses a single currency. But which currency will be used, who will print this money, who will do the inspection? States can not agree on this issue. But I think it is possible to have a single currency for international trade. Maybe soon.

PricelessBing

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I dont think its possible as there would be no pricing system then means how can we compare the value of those volatile currencies?

samtarly

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Quote from: bjjobg55206 on February 04, 2018, 02:48:21 AM

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.

There will be chaos if that happens along with different governments around the world, if someone wants to implement that kind of system i think leaders all over the world should make an agreement about this because if not it will not be implemented forever because of different economy on every countries.

Eclipse26

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Quote from: Dragon5 on February 22, 2018, 03:57:31 PM

Human beings have always dreamt about communism, about one country, one universal language... impossible, as well as a universal currency. The diversity of opinions, nations, countries is increadible. Forget about a world's society and global things)))

Exactly before we are separated by one another there have become different views in different accept. Yes it was good if we will have one currency because it was like we became united with one another but that was really impossible since there still wars and conflict between different coumtry. Its currency also will affect the economic circulation of one country.

nethan1btc

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Quote from: Gracechen17 on February 22, 2018, 04:56:32 PM

Quote from: KevinHD on February 04, 2018, 03:38:14 AM

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.

Yes. You are right. A country’s progress depends on their productivity. I also think that a single currency will not solve the world poverty. It also depends on every individual.

You're right, single currency is not easy to apply which makes complicated on each country. As we all know each country has it's own currency and having different value. So, if it will apply a single currency many government sectors will react and for sure many sectors will not in favor on that particular issue as it will might affected the growth of economy.

Gracechen17

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Quote from: KevinHD on February 04, 2018, 03:38:14 AM

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.

Yes. You are right. A country’s progress depends on their productivity. I also think that a single currency will not solve the world poverty. It also depends on every individual.

Bitcoinjheta

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Quote from: Dragon5 on February 22, 2018, 03:57:31 PM

Human beings have always dreamt about communism, about one country, one universal language... impossible, as well as a universal currency. The diversity of opinions, nations, countries is increadible. Forget about a world's society and global things)))

Well, using for example a single currency world wide i think it would be diffucult for a small country having a low economic stability because it may take for granted for the biggest countries with a biggest economic industries. It turns to chaos due to many have people unbalance income in a country and a governemt, the result of this is discriminition of other other country.

Dragon5

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Human beings have always dreamt about communism, about one country, one universal language... impossible, as well as a universal currency. The diversity of opinions, nations, countries is increadible. Forget about a world's society and global things)))

FoBoT

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It is going to look better just at the face of it in the area of unification. But I strongly oppose this and doubt if this can work out. The country with which the currency originated from shall be having superiority complex as their ego which shall at the long run have adverse effect. More so, our level of reasoning in different countries are different from one another, not to talk of our embedded varied cultures, this shall be another challenge. An insight is the economy of Canada that came up with Canadian dollars, and are not ready to accept US Dollars as payment means for goods and services believing that Canadian Dollars had superseded US Dollars.

AjithBtc

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Quote from: Nahl on February 22, 2018, 12:22:36 PM

there is no guarantee if the world use only single currency will carrying economy stable even in my opinion if this is really happened i fear there will be one country who very dominate the world and probably they will rule the world because they can be manipulate economy world so i personally don't want this is happened to us

No need to term it as guarantee, it won't take place in the nearby or in the future. Countries won't unite together to follow a common path. Somehow there will be opposite thinking, and even the countries which have got united under a single currency itself is in a urge to get out of the network.

inooll00

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I do not think so, the currency of each country will affect the country's import-export circulation. If this currency is removed, then this circulation can not be controlled...

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