If the world uses a single currency - page 3.

Creepings

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Quote from: thekafi on April 23, 2018, 02:42:36 AM

I am not sure it will happens. There is many countries with own currency in the word.every country want to keep their currency. I think a single currency in the word is impossible.

Every government of every country wants their economy to be higher than the other country the reason they are all working on it for the sake of their country and well, their pride. If there will be a single currency for the world, I think that is when the peace is really happening that even the currency and economy are merging into one.

alon_alon

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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 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.

thekafi

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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 am not sure it will happens. There is many countries with own currency in the word.every country want to keep their currency. I think a single currency in the word is impossible.

The Alchemlst

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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 will have to be stable and in sync if it is going to use a single currency, and if it becomes a reality by then then each economy across the globe will act as one and change as one as the market circulates but it will be quite a feat in order to break the walls of each nation's differences when it comes to its economy.

OrangeSeller

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Quote from: wewe123 on April 19, 2018, 05:36:18 PM

I think it is good to use a single currency so that
thete will no more exchanges, when you go around the world it is easy to transact for the currency is a single already and use around every nation.

I have the similar reasons for supporting this concept of single global currency. But I believe that every country besides using their national currency should allow the use of single currency and that would be best for travelers. People like me who like exploring the world and visiting different countries, they need badly a currency system which is acceptable worldwide and they are saved from the problems of getting it converted.

arifteguhr

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Currency for the world? this is stupid thing. because the country that prints the money will certainly benefit them. and that's very unlikely. there could be value differences in each country

johnalyn

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I don't think it is a good idea because some country has a low amount of price in their own currency. And as I know their is a lot of advantages and disadvantages in other country like here in my country the advantage of having a different currency in the world is if we bring dollar here in my country it has a big amount that can really change our life and disadvantage of having a different currency in our country if we use our currency in other country we should bring more to use it.

nambunamba

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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 would be great and more stable i think. But i dont think super power nation like amerika would like accept to use single currency in world wide. The reasons is cause they want to superior and they wanted to control all economy system.

imking

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Activity: 406

Merit: 117

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.

If we use only single cash, the economy of the nation won't steady it will go down. You know why? The economy can increase if there are there are allot of tourist visit on that nation if we have single cash we don't export and import of item. We don't have to go to another nation to work. The economy increase by the means of changing market value

Elmughni

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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 cannot imagine it, I am not sure that will happens. every country has own currency

brengoskandel

member

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Of course it will be good indeed. But there is so many country that still selfish and using their own currency. Maybe it will happen if there is no diffrent between modern country and developing country so there is no exchange currency. But it effect there will no trader exchange and one option of investment also disappear. There is no keeping foreign currency it will only for saving money because the same currency.

tuliobrothers

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Activity: 185

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I believe it will become more easier if we are going to use a single currency. Bitcoin is transferable anywhere and anytime. We can pay an online transaction right away because of bitcoin. Such a great help to each in everyone of us who believes and use the digital currency. I hope that btc will become a currency in the world.

knight20

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Activity: 140

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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.

A currency is made by it's own country is just like their signature. If ever we uses one currency only many country will disagree with it and it could also affect the economy. And if ever we have one currency what is it? and is there possible also that we will have a one nation or one president?

Name: Claudio

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Well hussle of going to bank or outlet to change your money will be lessen, specially when you are a traveling person or a person who travels for work then having a money that you can use everywhere will be great.

dead_m92

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Merit: 500

Quote from: PatronRH on April 22, 2018, 03:58:21 PM

A lot will happen like this currency is going ro be stable and is going to facilitate the transactions between the nations. It will make buying medicines and other primary materials easy to get. I think bitcoin will be the best one as a global currency.

But i do not think that it will ever happen. In fact, US dollar is used globally for different purposes, so i think that this can be near to the example that the OP is asking for. Well, it is not the same, but it is near to that.

PatronRH

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A lot will happen like this currency is going ro be stable and is going to facilitate the transactions between the nations. It will make buying medicines and other primary materials easy to get. I think bitcoin will be the best one as a global currency.

waqasniaz007

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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.

Single Global Currency will be for economic stability and reduce inflation,Currency fluctuations which currently cause millions of daily adjustments in prices to compensate for the lack of stability that would be provided by a Single Global Currency. Those currency fluctuations also contribute to inflation when prices are increased cover the costs of imported goods.

goribert

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Activity: 118

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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 experience of the European Union seems to indicate that the use of a universal common currency could lead to a more homogeneous economic development and facilitate economic transactions between countries, however I believe that the great inequality gap between nations should be reduced first, because at this time it would be impossible to try to standardize economies as diverse as the United States and Tanzania.

Potatohead

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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 would be quite too impossible because each country has it's currency but they all have different values. I believe that through the help of advanced technology, there would be a big chance that crypto would be used as currency around the world but it would be hard for it to replace fiat.

multimix

member

Activity: 140

Merit: 10

I think so. One currency can make our money stable. In other case, using one strong currency with different country development maybe will be problem for some country which has low development.

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